Point of sale (POS) systems are powerful tools for businesses to handle most of the processes related to transactions. For Shopify users, POS plays a vital role in tax calculations as it can save time and labor costs. In this article, we will go through 4 ways that POS can do to support Shopify tax calculation.
Easily manage both online and offline orders
Many retail businesses nowadays are combining online and offline channels to sell their products. This creates the need to calculate taxes on different platforms, which can easily lead to mistakes if it is done manually. However, with the help of a powerful POS on Shopify, store owners can save time and effort, while the tax information is synchronized across platforms. It becomes easier to manage both online and offline orders, as well as the corresponding tax amount. Using POS, merchants can save time while maintaining a higher level of tax accuracy.
Save every change at the register
If you use Shopify as your eCommerce platform (or are considering it), you’re probably concerned about the customer experience during checkout. How would you make it easier for potential buyers to get notified about the tax rules/amount and complete the payment process? One effective way is to ensure that you are up-to-date about every change that happens at the register. Once you are well-informed about it, your customers can get an instant and correct answer from you about tax issues. A POS system can automatically save changes at the register across different platforms and calculate the tax amount based on percentages.
Compatible with tax features of the eCommerce platform
If you are using Shopify, it is also essential to consider the compatibility of the POS with the tax features of this eCommerce platform. When working well together, they can generate real value which saves a lot of time and money. Here are some examples of the tax features on Shopify.
As a retailer, you may be required to charge sales taxes, which you must then report and remit to your Government. Even though tax laws and regulations are complicated and subject to change, Shopify can be configured to handle the most popular sales tax calculations automatically. You may also use tax overrides to deal with specific tax laws and circumstances.
Based on this, your POS can recognize the activities and integrates them into the POS system. Convenient, time-efficient, cost-effective, etc. – you name it!
Maintain high security about tax
Tax data can sometimes be sensitive. Therefore, it is important to keep it confidential and only accessible by reliable ones.
Permissions in Shopify admin and Point of Sale help you monitor what your employees can do (POS). Permissions allow you to delegate and grant the level of access your employees need to perform their duties effectively. You may also invite Shopify Partners to work on your store as collaborators and set permissions to limit which parts of your store they can access.
If compatible with the eCommerce platform, a powerful POS on Shopify will help you maintain high-security levels like that. Since you can assign permissions to access data for each staff, your tax information can be better protected.
For a store owner, there are a lot of tasks to do other than tax. Our final advice is to digitize the business operations as much as possible to save time and reduce labor costs. Tax calculation mostly includes manual tasks, so having a Shopify POS can be a smart choice.