Taxes Report

The Taxes report shows details pertaining to taxes collected and paid out, as described in the following table:

Column	Shows
Tax Type	Name of the tax type, such as state, federal, or sales.
Tax Collected	Total monetary value of the tax applied to sales after rounding. For example, a 4.5% tax on a $5.00 menu item calculates to a $0.225 tax, but operations rounds this value to $0.23. As a result, operations adds $0.23 to the Tax Collected total instead of $0.225.
% of Total Taxes	Percentage of all collected taxes accounted for by the tax type.
Taxable Sales	Total monetary value of sales eligible for the tax type.
Tax Exempt Sales	Total monetary value of sales exempt from the tax type.
% of Taxable Sales Collected	Percentage value of the taxes collected based on rounding and by excluding exempt sales. Operations calculates this value using the formula (Tax Collected / Taxable Sales). For example, when operations rounds the 4.5% tax on a $5.00 menu item to $0.23, operations calculates 0.23/5.00 and shows 4.6%. You can use this value to identify the cumulative skew resulting from rounding based on tax rates and pricing schemes.