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Breakpoint Tax
Breakpoints are used to establish the points at which an increase in sales will
increase tax by one cent. Breakpoint tax tables are often used by governments
to create a taxing pattern that matches certain pricing tendencies. For
example, a breakpoint tax might be zero for sales from zero to twenty cents
and then one cent from twenty-one to forty cents. Twenty cents would be the
breakpoint for this tax. The tax cycle would eventually repeat (1 cent tax for
every 20 cents in sales) after a certain point.
See also: Add-on Breakpoint Tax, Add-on Percentage (%) Tax, Add-on Tax,
Inclusive Tax, VAT (Value Added Tax).
Business Date Start Time
The Business Date Start Time is the pivot point used by the system to
calculate daily sales totals. It is set by a manager (or an installer) as the start
of the business day.
See also: Business Week Start Day.
Business Week Start Day
The Business Week Start Day is the pivot point used by the system to
calculate weekly sales totals. It is set by a manager (or an installer) as the first
day of the work week.
See also: Business Date Start Time.
CA/EDC
Credit Authorization (CA) is a MICROS e7 option that automatically
transmits a request for credit approval to a credit card center before accepting
a credit card for payment. Electronic Draft Capture (EDC) automatically
transfers a record of daily credit card transactions to a servicing credit card
processor.
See also: Credit Card Settlement.
Canadian Tax
See: GST (Goods and Services Tax), PST (Provincial Sales Tax).
MICROS e7 POS System
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