Total the sales tax owed on items you have sold.
Sales tax is collected from the buyer at checkout and later remitted to the government, so it is never income for the store. Keeping collected tax separate from revenue prevents the classic small-business mistake of spending money that legally belongs to the tax authority.
Sales Tax Collected
Tax collected = price x tax rate; total = (price + tax) x units
Tax collected = price x tax rate; total = (price + tax) x units Sales tax is collected from the buyer at checkout and later remitted to the government, so it is never income for the store.
Keeping collected tax separate from revenue prevents the classic small-business mistake of spending money that legally belongs to the tax authority.
This calculator takes 3 inputs: Price (excluding tax), Tax rate, Units sold. The pre-filled defaults are a realistic starting point — replace them with figures from your own environment for a result you can act on.