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 know how to do and fortunately Hike makes that process quite simple.

In doing so, you will have selected whether your taxes will be inclusive or exclusive, so that the taxes you have create here will either be added to or included with your final sale price. This can be done in Hike’s General Settings (Store Setup > Settings).

There will always be two steps to the process of adding taxes to products.

• Firstly, you will create or edit the Tax Rule in Store Setup > Tax Rules
  
• Secondly, you will need to add the Tax Rule to your product in Products > Products.
  

On this page we’ll go through the various steps needed to create your tax rates and even tax groups.

• Tax Rates Overview
  
• Adding & Editing a Tax Rate in Hike
  
  • Adding a Tax Rate to a Product
    
• Deleting a Tax Rate in Hike
  
• Adding & Editing Tax Groups in Hike
  
  • Adding a Tax Group to a Product
    
• Deleting a Tax Group in Hike
  

Tax Rules Overview

Before we look at how to how to add new Tax Rates, let’s look at the Tax Rules section in Hike, to give you an overview on what’s on the screen so that you can better familiarize yourself with it.

To begin, select Store Setup on the Hike menu and navigate to the Tax Rules screen.

This is where you’ll find all your existing Tax Rules for your Tax Rates and Tax Groups, and where you’ll be able to create or edit new Tax Rates, as per your requirements.

Remember: In General Settings, you were given the option to enable tax inclusive or exclusive. The tax rates you set up here will either be added to, or included in your final sale price – depending on what you selected.

+ Add Tax Rate

Clicking the + Add Tax Rate button will commence the steps to add a new tax rule. There is no restriction on the number of tax rates you can create, however, you will only apply one tax rule to each product.

Tax Rules List View

The Tax Rules List View is in reference to the columns occupying the section. Below we’ll go through what each column means:

Note: The columns are the same for both Tax Rates and Tax Columns, with the only difference being the Tax name for each.

Tax Name

The name assigned to this tax rate. (Called Tax Group Name for Tax Groups)

Rate %

The percentage rate assigned to this tax rate.

About

An optional description of the tax rate created, when adding or editing a tax rate.

Adding & Editing Tax Rates in Hike

In this section, we’ll cover how to add a new Tax Rate to Hike.

To begin, select Store Setup on the Hike menu and navigate to the Tax Rules screen.

Select the +ADD TAX RATE button on the top-right to commence the steps in adding a new Tax Rate.

Once you’ve clicked on +ADD TAX RATE a new window will slide open where you will need to complete the relevant fields to add the new tax rate.

Tax Name

Enter the name assigned to this tax rate.

Rate %

Enter the percentage rate assigned to this tax rate.

Set This as Default Tax-Rate

Tick this box if the tax-rate is the default option. You must always have a default tax option and this cannot be deleted.

About

You can enter an optional description of the tax rate created, when adding or editing a tax rate here.

Note: If you have any existing products with a tax rate that you have edited, they will only be updated if you have set the ‘default tax’ option for your store. Make sure your you have correctly applied your tax rates to your products, should you change the tax rate.

Once you have completed filling in the relevant details, you will need to click SAVE to finalize your new Tax Rate.

Editing a Tax Rate

Editing Tax Rates in Hike is done the same as creating a new one in Hike, but instead of selecting on +Tax Rate, you will simply select the Tax Name of the tax rule you wish to edit.

Once you have selected the desired tax name from the Tax Rules List View, the Tax Rate window will slide open, allowing you to edit the fields as necessary. Click the SAVE button once you are done.

Adding a Tax Rate to a Product

Once you have created a Tax Rate in Hike, you will need to add it to your products. To do this, you must select a Product from the Products List View (Products > Products), and scroll down to the Pricing section of the Product.

Using the drop-down box of the Tax Rate column, you will then be able to select which created tax rule will be applied for that product.

Once you have finished entering in your tax rate, click on SAVE, located at the top-right of the screen to finalize your changes.

Deleting a Tax Rate in Hike

You can delete any Tax Rate in Hike except for the default Tax Rate. To delete the default Tax Rate, select or create a new Tax Rate as the default option, and then delete the old default Tax Rate.  

When deleting a tax rate in Hike, any products assigned to this tax rate will need to be edited to apply the new tax rule (Products > Products)

To begin, simply click on the Tax name of the Tax Rule you wish to delete, from the Tax Rules List View screen.

Once the edit tax rate screen slides out, scroll to the bottom of the screen and click on DELETE THIS TAX RATE button.

Once selected, a pop-up box will appear asking whether you want to permanently delete the Tax Rate. Click YES to continue.

Note: The default tax rate will now be assigned to all existing products with the tax rate you are deleting.

Adding & Editing Tax Groups

Hike also lets you create tax groups, whereby retailers can group existing 2 or more taxes, together. This would be relevant for stores that require multiple tax rates on their transactions, and would like to group them into one tax when charging customers.

To do this you must first click on + ADD TAX GROUP on the Tax Rules screen (Store Setup > Tax Rules).

Once you have selected +ADD TAX GROUP, you will be asked to give your group tax a name.

From there you will be presented with a list of all your created tax-rates. Simply select the individual tax you want to group together as your group tax.

You can also set the tag groups as the default tax-rate, and write a description about it in the About text field.

Editing a Tax Group

Editing Tax Groups in Hike is done the same as creating a new one in Hike, but instead of selecting on +Add Tax Group, you will simply select the Tax Group Name of the tax group you wish to edit.

Once you have selected the desired tax group name from the Tax Rules List View, the Tax Group window will slide open, allowing you to edit the fields as necessary. Click the SAVE button once you are done. 

Adding a Tax Group to a Product

Adding a Tax Group to a Product works in the same way you would add a tax-rate to a product.

Select a Product from the Products List View (Products > Products), and scroll down to the Pricing section of the Product.

Using the drop-down box of the Tax Rate column, you will then be able to select which created tax rule will be applied for that product. Use it to select your tax group.

Once you have finished entering in your tax rate, click on SAVE, located at the top-right of the screen to finalize your changes.

Deleting a Tax Group in Hike

You can delete any Tax Group in Hike unless the Tax Group has been marked as the default Tax-Rate. If that is the case, you will need to select another tax group or tax rate as the default tax first.

When deleting a tax group in Hike, any products assigned to this tax group will need to be edited to apply the new tax rule (Products > Products)

To begin, simply click on the Tax Group Name of the Tax Group you wish to delete.

Once the edit tax group screen slides out, scroll to the bottom of the screen and click on DELETE THIS TAX GROUP button.

Once selected, a pop-up box will appear asking whether you want to permanently delete the Tax Group. Click YES to continue.

Note: The default tax rate will now be assigned to all existing products with the tax group you are deleting.