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- Click Tax Types from Payroll module.
- If there are no tax types yet, new Tax Types screen will be displayed directly. Otherwise, a list of existing tax types will be displayed.
- Click New toolbar button.
- Set the value for the following fields:
- Tax ID
- Calculation Type
- Description
Amount
Info i. This field is disabled when the Calculation Type is:
>> USA Federal Tax, USA Social Security, USA Medicare, USA State Disability, USA State and USA Local
ii. This field is enabled when the Calculation Type is:
>> Fixed Amount and Hourly Amount
iii. This field is renamed to "Percent" when the Calculation Type is:
>> FUTA, SUTA, Percent and Hourly Percent
Limit
Info This field is enabled when the Calculation Type is:
>> USA FUTA, USA SUTA, Fixed Amount, Percent, Hourly Amount, Hourly Percent
- Paid By
- Account ID
Expense ID
Info Expense ID is only required when Paid By is set to Company
Account ID should display Liability Accounts only while Expense ID should display Expense Accounts only.
- State
County
Info i. State field is enabled when the Calculation Type is:
>> USA State Disability, USA State and USA Local
ii. County field is enabled when the Calculation Type is:
>> USA Local
Vendor ID
Info Vendor ID should only display Vendor Accounts.
This field is needed if the tax or deduction will be used for creating payables or vouchers.
- Click Save toolbar button to create tax type.
- Newly created tax type should appear in the grid.
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