Setting currency and tax values for your business

You can configure your business’s currency and the taxes for products and services sold in your store. Your currency is dictated by the region in which your business is located. If you include taxes in the prices of your services, then you do not need to set tax values.

To learn about other store settings, see Store settings.

NoteTaxes are applied to all individual products, passes, and memberships during checkout, which means that the rounding of the last digit of your taxes is always done per item and not for the subtotal. This is important when you are dealing with shopping carts with a large number of items.

In this article:

To set the currency for your business:

  1. Click the App Drawer button .
  2. In the App Drawer, click Setup.
  3. On the Setup menu, click Business.
  4. On the Business menu, click General Information.
  5. In the Region list, select the country in which your business is located.
  6. Click SAVE.

To set the taxes for your business:

  1. Click the App Drawer button .
  2. In the App Drawer, click Setup.
  3. On the Setup menu, click Store Configuration.
  4. On the Store Configuration menu, click Store Settings.
    1. Under Taxes, for each tax type that is applicable to products and services in your region, do the following:
    2. Click ADD TAX.
    3. In the NAME box, type the name of the tax (e.g., type HST for Harmonized Sales Tax).
    4. In the VALUE box, type the tax rate as a percentage (e.g., 13.000% for HST).
    5. In the LOCATION list, select the location(s) where the tax will be applied. By default, the tax will be applied to all locations.
      • Click the Delete button  to remove a tax entry.
  5. Under Apply taxes to, select the items to which your taxes will apply. All taxes are applied automatically to all items within the selected categories If specific taxes do not apply to a specific item, modify the settings manually for that item (e.g., in the product advanced settings). If you set a category to OFF, no taxes can be applied to those items.
    • Set the Products option to ON to apply taxes to all products sold in your store.
    • Set the Purchase options option to ON to apply taxes to all Purchase Options sold in your store.
    • Set the Services option to ON to apply taxes to all services sold in your store.
  6. Click SAVE. We recommend that you test the system each time you change a category or item’s tax values to ensure they are correct.
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