Managing your tax rates
Adding a new Tax Rate
Adding tax rates in the Wollette Merchant Dashboard ensures your sales comply with local tax regulations and that taxes are correctly calculated during transactions.
1. Navigate to the Taxes menu
From the main dashboard, locate the sidebar on the left-hand side of the screen and click on Settings. Within the settings menu, click on the Taxes icon or tab to view all configured tax rules. You can also add the Taxes menu to the navigation sidebar for quick access.
2. Add a New Tax Rate
Click the “New Tax Rate” button and enter the required details, such as:
- Tax name
- Description
- Enter a number in the bar to add the tax rate (e.g. 20 is 20%)
- Click add rate to add the tax rate
- Then save to save the new tax rate.
The tax rate will now be available to apply to products and transactions. When you add a tax rate to a product, ensure to toggle if the tax rate is inclusive in the price or not.
Editing an existing tax rule
Wollette allows you to update existing tax rules to reflect changes in legislation, rates, or business needs. This ensures tax is applied accurately at the point of sale.
1. Navigate to the Taxes menu
From the main dashboard, navigate to Settings on the left hand menu then to Taxes.
2. Choose the Tax Rule to edit
- Find the tax rate in the list that you want to update
- Click edit to open its detail view.
3. Edit the Tax Rule
Modify details such as the tax name and description, then click Update to apply the updates. Once saved, the edited tax rule will take effect immediately on all applicable products and transactions.