Blog Post
What Are Itemized Taxes?
Itemized Taxes is a Commerce feature that allows users to apply mixed tax rates to individual line items. Now you can create and select tax rates in order to associate them with specific goods or services.
Why Itemized Taxes Are Valuable?
Uncompromised Precision
Commerce's itemized taxes apply rates directly to the product without additional calculations or estimations based on subtotals. Whether the tax data is supplied by the upstream provider or you have custom Transforms, tax rates move effortlessly from sale through reconciliation.
Customized Accounting
No matter how you analyze, reconcile, and report your numbers, Commerce has you covered. With Itemized Taxes, see your totals by tax rate in summary or line item views - including your accounting invoice.
Tax Reporting
Commerce's Itemized Taxes feature allows you to seamlessly generate digital tax forms in Quickbooks Online and Xero.
Efficiency
Tired of working endlessly in spreadsheets matching SKUs to tax rates? Get your time back by allowing Commerce to ensure that your products and services are taxed accordingly from beginning to end.
How To Enable Itemized Taxes?
Itemized Taxes are available to qualified subscribers during the onboarding process. Qualified subscribers that have already onboarded, request Itemized Taxes by emailing [email protected].