Tax Codes

The Tax Code Setup screen lists taxation codes and descriptions that will be used in other parts of the application. Attributes of each tax code can be assigned in this screen.

 

  1. Under the General menu, click Tax Code.
  2. Click the Plus (Add) icon to create a new tax code. To edit an existing record, click on the Tax Code hyperlink or double-click on the row.
  3. Enter the Tax Code and Description.
  4. Click Add to add the first row of attributes..
  5. Enter the Tax Rate.  Example: A rate of 5% should be entered as '5.0000'.
  6. Enter the Description and Position.  {Note}Closed: When multiple tax rates are associated with a tax code, the "Position" of each tax rate determines the order in which the rates are applied to the price to be taxed.
  7. Check the Flat box if this is a flat tax.
  8. Check the Refundable box if this is a refundable tax.
  9. Check the Withholding box if this is a withholding tax.
  10. Check the Remove Upon Receiving box if applicable.
  11. Select the appropriate GL Code from the drop-down list.
  12. When ready, click the Disk (Save) icon.
  13. To download and print these entries, click the Printer (Export) icon and select the desired options.
  14. When finished, click the X (Close) icon to return to the summary screen.

 

If necessary, you can click on a new row and click the Trash Can (Delete) icon to remove it.

 

 

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