System Five on Cloud · Money & The Close

Tax

Tax is part of Money & The Close in Windward System Five. System Five includes 4 documented capabilities here — 3 in the standard set and 1 optional.

These 4 capabilities sit within System Five's 1287-capability documented set — a selection, not a ceiling.

Optional

Contractor tax on wholesale Optional #

Tax contractor sales on cost, not retail

Tax can be levied on wholesale cost rather than retail, set either per inventory item or per invoice, posting regular and contractor tax to separate ledger accounts.

Customer tax exceptions Optional #

Handle customers who are tax exempt

Tax handling per customer can be run either as a list of taxes the customer must pay or, inverted, as a list of taxes they are exempt from, depending on which model suits the jurisdiction.

Multiple taxes and tax zones Optional #

Charge the tax where goods are delivered

Several taxes can apply per line with per-line override, and tax zones or areas set the correct rate for the jurisdiction goods are delivered into rather than the store's own.

Regional Tax Handling Region-specific #

Charge and remit the right tax

Tax is calculated and posted to taxes payable as part of the sale, and payables procedures include posting the GST input credit at the time the bill is entered for Canadian businesses.

Common questions

Does System Five help you charge the tax where goods are delivered?

Yes. Several taxes can apply per line with per-line override, and tax zones or areas set the correct rate for the jurisdiction goods are delivered into rather than the store's own. This is optional in System Five.

Does System Five help you tax contractor sales on cost, not retail?

Yes. Tax can be levied on wholesale cost rather than retail, set either per inventory item or per invoice, posting regular and contractor tax to separate ledger accounts. This is optional in System Five.

Does System Five help you charge and remit the right tax?

Yes. Tax is calculated and posted to taxes payable as part of the sale, and payables procedures include posting the GST input credit at the time the bill is entered for Canadian businesses. This is optional in System Five.

Every capability on this page is documented in the System Five capability index. Last updated 2026-11-05.