Update Sales Tax Rate

Updated: 7/15/2025

Overview

Sales tax rates are always changing—and when they do, you need a quick, accurate way to keep things updated in Bravo.

New in July 2025 release
Now you can take it a step further by breaking your total tax rate into parts like State, County, Local, or Excise. These pieces are totally optional, but super helpful.

If you set them up, Bravo does the math for you and shows a clear breakdown in the Sales Accounting Report. It’s a great way to stay organized, meet local tax rules, and skip the spreadsheets.

Table of Contents

• Update a Sales Tax Rate

• Add Rate Components (optional)

• Save and Validate Your Changes

• Why Use Rate Components

• See the Breakdown on the Sales Accounting Report

Update a Sales Tax Rate

1. From the Bravo Dashboard, click System Configuration.

2. On the left side, click your company name at the top of the store tree.

3. Select the Taxes tab.

4. Click Edit.

5. In the Tax Nexus column, select the location you want to update (e.g., San Francisco, CA).

6. Click Add Effective Date.

   • The new effective date will default to today.

   • The previous rate’s expiration date will auto-adjust.

7. In the Tax Authority Rule Effective Date section, under the Effective Date column, do one of the following:

   • Type a date manually

   • Or click the calendar to select one

8. In the Tax Rules for Effective Date table, enter your updated Tax % for each category (e.g., General Retail, Service, Shipping, etc.)

Add Rate Components (optional)

New in July 2025 release
Rate components are optional, but they unlock enhanced reporting.

To define them:

1. In the Tax Rules for Effective Date, highlight a tax group row (e.g., General Retail) to show the editable grid.

2. Then head to Rate Components section and click the green plus (+) to add a new component.

3. In each row:

   • Enter a Name (e.g., State, County, Local, Excise)

   • Enter the Tax % (decimal format is allowed)

4. Repeat until all components are added.

Click Here to learn how to set up an alternate tax table and apply it to exempt parties.

You won’t be able to click Save, change tax groups, or leave the section until the values match.
Click Cancel anytime to discard your changes.

Save and Validate Your Changes

Once your percentages and components are entered and validated, click Save.

• If you’re unsure about the changes, click Cancel to start over.

Why Use Rate Components

Rate Components give you more control, accuracy, and transparency in how you report sales tax.

Here’s why you might want to use them:

• Make tax reporting easier
  Break your total rate into parts like State, County, Local, or Excise so you can see exactly where your tax dollars are going—no need for manual calculations or spreadsheets.

• Stay compliant with local rules
  Some jurisdictions require that excise taxes or layered rates be tracked and reported separately. Setting up components helps meet those requirements with ease.

• Improve internal tracking
  Want to monitor how much tax you’re collecting for different purposes? Use components to separate internal vs. external taxes, or break out categories like shipping or ammo.

• Get cleaner reports
  When components are configured, Bravo’s Sales Accounting Report automatically displays a detailed breakdown by tax authority, tax type, and amount collected—no setup required.

Whether you're managing complex tax structures or just want clearer reporting, Rate Components help simplify your end-of-month accounting and keep you audit-ready.

Example Report Output

If you configure a 10% tax as:

• State (4.6%)

• County (0.4%)

• Local (5%)

Bravo will display the full tax collected plus a breakdown by each component—calculated and grouped by location and tax group

See the Breakdown on the Sales Accounting Report

New in July 2025 release
When you configure Rate Components, Bravo automatically shows a breakdown on the Sales Accounting Report—no extra setup required.

At the bottom of the report, you’ll now see a Tax Rate Breakdown Table with:

• Tax Authority and Tax Group (e.g., City of Las Vegas NV / General Retail)

• Taxable Sales Less Returns

• Total Tax Amount

• Tax Breakdown listing each rate component:

  • Name of the component (e.g., State)

  • Percentage in parentheses (e.g., (4.6%))

  • The exact amount collected for that component