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Tax Configuration in Odoo POS

Odoo 16 Point of Sale (PoS) simplifies the process of applying taxes to both your products and customers. By utilizing taxes efficiently, you can guarantee your compliance with the tax regulations in your jurisdiction, accurately track your sales tax obligations, and enhance customer satisfaction.

You have the option to configure tax settings for your PoS within its Settings.

Point of Sale => Configuration => Settings

Within the accounting section, you can establish the default tax settings for your Point of Sale (PoS) sales. You can create new tax configurations for your PoS by clicking on the “Taxes” option within the PoS module.

To create a new Tax, simply click on the “New” button.

=> Give a name for the tax

=> Select the type of tax, such as Sales, Purchase, or None.

=> Select the tax computation.

=> Set the tax percentage.

After filling out the tax details, click the “Save” button to save your new tax configuration. To set up the recently created tax, return to the settings and choose the tax from the list to substitute the current default tax.

Consequently, the product tax in your Point of Sale (PoS) now stands at 5%.

Flexible Taxes

In Odoo 16, the Point of Sale (PoS) system offers the flexibility to apply various tax rates to different products, catering to specific scenarios. This functionality proves especially beneficial for businesses operating across multiple regions or dealing with diverse customer tax statuses.

To facilitate this, Odoo 16’s PoS features adaptable tax configurations within the settings. By utilizing this capability, you can align your product taxes with the unique requirements of your business situation.

Point of Sale => Configuration => Settings

To activate flexible tax settings, navigate to the accounting section within the Settings section of the PoS module.

Enabling this feature allows you to manage fiscal positions to associate taxes with your products. You can designate a default fiscal position, ensuring that taxes are consistently applied based on the chosen fiscal position. Furthermore, you have the option to specify permitted fiscal positions in your Point of Sale (PoS), giving you the flexibility to manually adjust the fiscal position as required.

To create a new fiscal position, simply click on the “Fiscal Position” option.

=> Name the fiscal position

=> Set the Tax on Product and the tax to apply

=> Save

With this fiscal position, you have the option to designate which taxes should be linked to the product. To illustrate the tax mapping process, let’s establish a tax for a specific product.

Here, you can see that the tax indicated for the product is 5%. Now, let’s configure the fiscal position within the Point of Sale (PoS).

Go to Settings

Here, you can view the default fiscal position assigned to your current position.

Let’s proceed to create an order using the PoS and examine how the tax mapping is applied to the product.

A new button has been appeared. When you click on this button, you can define the tax mappings.

Currently, it displays the default fiscal position that we established in the configuration settings. By selecting a fiscal position from this list, you can easily modify the fiscal position for the product taxes.

Additionally, you have the option to set the fiscal position within the customer form.

Point of Sale => Orders => Customers

Inside the customer form, you’ll find the fiscal position field located under the sale and purchase tab.

Tax mapping serves as a crucial tool to ensure the accurate application of taxes to both products and customers. This is vital for adhering to tax regulations and ensuring customer satisfaction.

To explore the full potential of tax solutions in Odoo and learn how it can benefit your specific needs, don’t hesitate to contact us. Your path to simplified tax management starts here!

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