Taxation

SBS maintains various type of simple or compound taxes and their refundable and non-refundable taxes in percentages respectively. It maintains according to the legal requirements of a country or a region. Users can choose to select a Single tax rate, or Multi Level taxes with unlimited locations and groups of items. A flexible implication of taxation based on status, location, types and varying rates and resultant all tax deducted direct to the Tax Liability account in accounts.

Following is a comprehensive Tax-functionality-flow in various components of SBS.