I want to charge a tax, but only on INVENTORY items. How do I do that?

I want to charge a tax, but only on INVENTORY items. How do I do that?

Work with your administrator or account manager to create a class that has the "InventoryTax" type.

Create a SKU item and add it to a price list(s). You will then use the "Percent" column to set the percentage of inventory items that will be charged as inventory tax. 

When using the Percent column (in the Cost Definitions grid) with the Inventory Tax SKU class type, the percentage applies to SKU items that are designated as "Inventory."


Notes
The charge would NOT be included in the pre-tax revenue (not subject to other tax except CC fees).

In this example, the 2 inventory items are the Dekton material ($3000) and the sink ($250) which brings the inventory revenue total to $3,250. The 10% inventory tax is $325 which is NOT a part of the pre-tax revenue ($3,500) subject to the state tax. Therefore, the tax total is $614 bringing the revenue total to $4,114.


Idea
 If you would like the percentage to apply to the COST instead of the revenue of the inventory items, check out the feature here.