Profit is a financial gain, especially the difference between the amount earned and the amount spent in buying, operating, or producing something
Tax is a compulsory contribution to state revenue, levied by the government on workers' income and business profits, or added to the cost of some goods, services, and transactions.
When calculating profit in DealPOS, you can choose whether to include tax in the profit calculation. This option is available in the Profit Tax Calculation feature.
Follow the guide below to learn how the Profit Tax Calculation feature works.
I. Configure Profit Tax Calculation
Step 1. Go to Settings and search for Profit Tax Calculation
Step 2. Select the Profit Tax Calculation Option
You can select Include or Exclude Tax.
Column | Description |
Include Tax | The profit from the total sales + tax transaction will be reduced by the cost |
Exclude Tax | The profit comes from Sales at less cost, sales + tax will not be calculated |
II. Examples For Include Tax Option
Sales + Tax (200,000) - Cost (50,000) = Profit (150,000)
III. Examples For Exclude Tax Option
Sales (180,180) - Cost (50,000) = Profit (130,180)
Related Articles
To view tax report: Tax Report
To disable tax for a specific product: Disable Tax for Specific Product
To update tax into 11%: How to Update Tax into 11%
DealPOS is an online point-of-sale (POS) application specifically designed for retail businesses in categories like Fashion, Minimarkets, Electronics, Fresh Food, and Building Material Stores.
With DealPOS, you can manage both online and offline store inventory in real-time on a single platform. You can also sell through omnichannel (offline and online) as DealPOS integrates with marketplaces (Shopee, Tokopedia, TikTok Shop, Lazada) and instant web stores (Shopify and WooCommerce).
For more detailed financial book-keeping, Books App is available as a separate accounting application. In addition, stock counting becomes easier with the DealPOS Scanner App, which supports barcode scanning features.