Taxes & Discounts in SeeBiz Inventory

Tax is an optional one-way flow in the “Item” module. It depends on the user’s preferences. If users want to tax the item, they can use this option and specify a tax bracket while adding the item to inventory. Alternatively, they can assign a tax rate to all items while they are buying or selling. There is an optional one-way flow from “”Contacts”” to “”Items””. If possible, they can use this option if they want to buy items from a specific contact (vendor).

In many situations, companies offer discounts to their customers. In such scenarios, users can add discounts in the item module to change that particular item for their customers. They can add these discounts for some or all the customers following their preferences.