Label | Description |
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Tax Code | User gives tax Tax code a name (ie. Indiana Sales Tax) |
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Description | User can describe A more detailed description of the tax (optional) |
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Type | User can select from different tax types created in Tax Types screen. Type is needed to create templates from tax schedule. |
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Calculation Method | Either % of total or an amount per dollar |
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Rate | Enter either the percentage or the amount per dollar |
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Tax Agency | This is who the tax check will be written to when payment is issued. This tax will be tracked to the tax agency. |
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Address | User enters address of tax agency. |
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State | User can define the state associated with the tax. Needed to create templates from tax schedule. |
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CountyCountry | User can define the county country associated with the tax. Needed to create templates from tax schedule. |
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City | User can define the city associated with the tax. Needed to create templates from tax schedule. |
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Sales Tax Account | Select from accounts under Sales Tax Account category |
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Purch G/G Purchase Tax Account | Select from accounts under Purchase Tax Account category |
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Taxable | Yes or No ? field. If yes, this tax will be included in the total item amount for tax calculation on the whole invoice |
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Seperate on Invoice | Yes or No ? field. If yes, tax will show as its own item. If no, tax will be included with the item total. |
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