Paladin tax settings let you define multiple tax definitions (rates) within three tax categories. The categories are labeled State, County and City in Paladin, but you can use them for any tax type.
You can apply up to three tax definitions (rates) per purchase, but no more than one from each tax category.
Tip If you require more than three tax categories or are interested sales tax automation, you can use Paladin’s integration with Avalara Avatax. Learn more
When you finalize a purchase, Paladin calculates each individual tax rate to very high precision (many decimal places). The combined tax total will always sum to an exact penny (two decimal) amount.
If you choose to show individual tax amounts on the receipts instead of the tax total, the individual taxes will appear to six decimal places designated with a tilde (~). The tilde indicates that the displayed amounts are approximate and any additional non-zero decimal places are not shown.
We have determined that this is the best and most accurate way to display itemized taxes on receipts. It is not a good solution to round the individual taxes to the penny (two decimal places) because the rounded numbers do not always add up to the total tax amount. This can make your receipt purchase total appear incorrect when it’s not.
If you want to show individual taxes on receipts, go to File > Setup > Taxes tab, and select the Separate Tax Levels on Invoices option.
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