Sales Tax Rates

Sales Tax Rates

Why is the Tax Customization feature limited to 2 decimal points? This issue has been mentioned several times over the last few years but it has not been changed. From a programming stand point, this should be relatively easy. Third decimal point capabilities are resident in Custom Fields and Functions now so why isn't it a standard feature?

This needs to be addressed because:
  • We have to manually manipulate the sales tax rate on every Sales Order - thousands of them per year.
  • Because of the manual manipulation, users make mistakes.
  • Our credit card system calculates Sales Tax to the third decimal point and if our Sales Order does not match EXACTLY, the customers complain, as they should. 
  • This is a tax authority compliance issue, we are bound by local laws to properly calculate and  charge taxes. This system should support tax calculations to the third decimal point. 
Please respond. 


Here is the current documentation. 

How to customize tax rates?

You can customize tax rates in your Zoho CRM account by following the steps given below:

 

  1. Log in to Zoho CRM with Administrator privileges.
  2. Click Setup > Customization > Fields.
  3. Select Products  Module from the drop-down list.
  4. Click Customize Tax Rates.
  5. In the Customize Tax Rates page, click the Add Tax link.
  6. Specify the type of tax and tax rate in Tax Label and Tax Value fields respectively.
  7. Click Save.

 

Note: By default, only two decimal values can be included. You cannot customize the tax rate’s decimal value.

This entry was posted in  Inventory ManagementProduct Customization and tagged  FAQ - Beginners.

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