How to Manage Default Tax for Sales & Purchases

How to Manage Default Tax for Sales & Purchases

Default tax is listed in a few sections in Hike. Below is a brief explanation of how each of them works.

The default tax in tax rules

You can find a tax rule marked as default in Store setup > Tax rules. When you add a new outlet in Hike, the default tax rule will be set as the default tax for the outlet by default.

You can change it by ticking the checkbox highlighted as below.

The default tax for outlets

The default tax for an outlet can be selected from Store setup > Outlets and registers > Click on the name of the outlet > Default tax.

After selecting the default tax here, it will be applied by default when you create new products in that outlet. Default tax selected here will also be applied by default for the custom sales in the outlet. If you have different default taxes for different outlets and keep pricing different between outlets, the default tax of each outlet will be applied to the product when you create it.

The default tax for suppliers

The default tax selected for a supplier as highlighted below is used as the default tax for products added in the purchase order for that supplier.

You can still change the purchase tax in the purchase order. Select your tax rate from the drop-down list if you want to change the tax in it.

    • Related Articles

    • Sales Report

      To make your data easier to understand, Hike breaks down all the sales activities into these key reports. All sales reports share the same fields below. Outlet As with any report, choose the outlet you wish to see from the drop-down list. You can ...
    • Performing Sales in Hike

      Different businesses will undoubtedly have different ways in which they conduct sales. From utilizing functions such as Lay-By to allowing your customers to pay for goods in installments or enabling on-the-spot discount sales for those specially ...
    • How to Manage BigCommerce - Sync Settings

      If you want to know how to connect BigCommerce to Hike, you’re in the right place. In this article, we will go over the steps to integrate your BigCommerce website with your Hike account. INTEGRATIONS This section will be relevant if you ever have to ...
    • Managing Pre-sales with Backorders

      In some cases, you may need to sell the products to your customers before they arrive at your warehouse, or even before you order them from your customers. In Hike, you can easily manage the pre-sales with the backorder feature. This article will ...
    • Creating Tax Rules in Hike

      Incorporating your tax rates in your POS is a necessary step to ensure that your in-store prices are in line with your countries goods and services tax code. Understanding how your point-of-sale can add new tax rates then is obviously necessary to ...