How to Configure Taxes in Odoo 17 POS - Odoo Slides

Odoo 17 POS allows us to manage taxes efficiently for accurate calculations and compliance. This slide will give the step-by-step guide to configure taxes.

1. How to Configure Taxes in Odoo 17 POS Enterprise

2. Introduction Enterpr ise Odoo 17 POS allows us to manage taxes efficiently for accurate calculations and compliance. This slide will give the step-by-step guide to configure taxes.

3. Enterprise 1. Activating Flexible Taxes: Go to Point of Sale > Configuration > Settings. Under Accounting, enable "Flexible Taxes." Set a default fiscal position (tax rules) for your sales in the "Default" field. You can add additional fiscal positions for specific scenarios in the "Allowed" field.

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5. Enterprise 2. Configuring Default Taxes: In the Configuration Settings window (Accounting section), choose a default tax for sales in the "Default Sales Tax" field. Select the appropriate taxes for sales and purchases (if applicable). Click "Save."

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7. Enterprise 3. Creating and Managing Taxes Go to the "Taxes" list view. Activate relevant sales taxes by toggling the "Active" button. Define tax details like name, description, and calculation method: Fixed: Constant value in the default currency. Percentage of price: Multiplies sales price by the tax percentage. Percentage of total: Applies to the total amount. Python code: Offers custom tax calculations. Set the "Tax Type" (Sales, Purchase, None) and "Tax Scope" (Goods, Services).

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10. Enterprise 4. Advanced Tax Configuration (Optional): Define tax accounts and grids in the "Definition" tab for detailed allocation. Access advanced options to show tax labels, groups, and impact on subsequent taxes.

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13. Enterprise 5. Monitoring Taxes in Sales Orders: Start a new POS session from the POS Dashboard. Select products and observe the total amount (including taxes).

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15. Enterprise 5. Monitoring Taxes in Sales Orders: Proceed with payment and confirm the order. The sales invoice will display the applied tax percentage and rate.

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17. Enterprise 6. Using Fiscal Positions for Flexible Tax Application: Enable "Flexible Taxes" in the Configuration Settings (Accounting tab). Fiscal positions allow automatic tax selection based on customer/supplier location and company type.

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19. Enterprise 6. Using Fiscal Positions for Flexible Tax Application: Click "Fiscal Positions" to view preconfigured options or create new ones. Define details like name, country groups, and API integrations (TaxCloud, AvaTax) for real-time tax rates (optional).

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22. Enterprise 7. Mapping Taxes with Fiscal Positions: Select products and their corresponding taxes in the chosen fiscal position. This allows overriding default tax rates for specific scenarios.

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24. Enterprise 8. Applying Fiscal Positions in POS Settings: Set the default fiscal position and any allowed positions for the POS.

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26. Enterprise 9. Mapping Taxes During Sales: In the POS session, a "Mapping" button will appear for products with assigned fiscal positions. Choose the desired fiscal position to apply its tax rules.

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29. Enterprise Benefits of Configuring Taxes in Odoo POS: Ensures accurate tax calculations for compliance. Simplifies tax record-keeping. Automates tax selection based on customer/supplier details. Provides flexibility to adjust tax rules for different scenarios. Improves efficiency and streamlines financial processes.

30. For More Info. Check our company website for related blogs and Odoo book. Check our YouTube channel for functional and technical videos in Odoo. Enterprise www.cybrosys.com