x
Beta Member

Will Square Still Calculate and Report Tax if the "Include Tax in Price" Option is Used?

We'd like our prices to include taxes so that sales transactions come out to even amounts without pennies.  If we use the "Include Tax in Price" option, does Square still calculate and report on the tax part of the sale even though it may not show the tax amount on the receipt (or does it still show that)?  Just want to make sure we're not shooting ourselves in the foot usng that option (we don't want to have to do all the tax calculations ourselves when its time to pay the taxes!)

1,377 Views
Message 1 of 3
Report
1 Best Answer
Super Seller

Best Answer

Square will still calculate it so that the target price equals the item price plus tax.  It will still show you the tax on the receipt too.  here is a test sale I just did.

 

IMG_1459.PNGScreen Shot 2019-02-07 at 10.38.16 AM.png

View Best Answer >

1,375 Views
Message 2 of 3
Report
2 REPLIES 2
Super Seller

Best Answer

Square will still calculate it so that the target price equals the item price plus tax.  It will still show you the tax on the receipt too.  here is a test sale I just did.

 

IMG_1459.PNGScreen Shot 2019-02-07 at 10.38.16 AM.png

1,376 Views
Message 2 of 3
Report
Beta Member

Thanks for the confirmation and for testing that for us!  And thanks for correcting the fact that we didn't think it would show on the receipt - very helpful!

1,372 Views
Message 3 of 3
Report