User’s Guide: Tax Holiday
A tax holiday is a time period during which some items are sold tax-free or partially tax-free. For example, during a tax holiday, customers may be able to purchase outdoor recreation items or school supplies and not pay sales tax. Or customers may be able to purchase some more expensive items, such as a $400 […]
Accounts receivable and sales tax reporting
Paladin Data Corp’s accounting calculations and reporting methods—including sales tax reporting—follow generally accepted accounting principles (GAAP) and are designed to reconcile all presented data. Understanding the timing of revenue recognition is key to understanding sales tax reporting in Paladin Point of Sale. Investopedia, a global corporate finance and accounting firm, provides the following summary of […]
Avalara AvaTax™ only: Customer tax exempt code added
This feature is for stores that use the Avalara AvaTax™ service with Paladin Point of Sale. In the Customers module, in the Electronic tab, you can select a tax exemption reason for a customer account in the Avalara Tax Exempt Code list. If a customer account’s State tax value (on the Customers tab) is set […]
Taxes
IMPORTANT: You must set up the tax definition before you can follow any other procedures listed in this article. The following provide instruction and information on assigning tax information in Paladin: How to set up a tax definition How to assign a tax definition How to create a tax exemption message How to create an […]
How to create a Comparative Revenue Report
Note: The Comparative Revenue Report must be run on the same day that you run the Transaction Report with monthly service charges. Learn more: How to create the Transaction Report that shows monthly service charges In Paladin, on the top ribbon, select the Reports module. In the Report Area pane, select Sales Analysis > Revenue. In […]
How to set up Do It Best electronic coupons
Paladin supports and automatically processes the Do It Best (DIB) family of dollar off coupons. The data to drive this customer friendly program is transmitted to your store inside the existing file maintenance download files. As each coupon is reviewed and processed, the “retail” price of each coupon is set to a negative value. This […]
Ace Hardware: Override Instant Savings Taxable Value
Ace Hardware’s Instant Savings integration was original built allowing sales tax to be calculated on the item’s original price, not the final Instant Savings price. While this is correct for most states, we have found some states allow reduced sales tax to be collected in instances, such as Instant Savings. Should your store reside in […]
