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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 Account ID should only display Liability Accounts while Expense ID should only display Expense Accounts
- 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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3. Fill in the Tax Type information:
a. The Tax ID is a unique Tax ID where you can enter alphanumeric character b. Calculation Type |
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by default is set to Fixed Amount. Click the drop down combo box button to select the Calculation Type applicable to your Tax Type. c. In |
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the Description field, enter the Tax ID Description d. In |
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the Amount field, enter the Amount. This field is disabled if the selected Calculation Types are: USA Federal Tax, USA Social Security, USA Medicare, USA State Disability, USA State and USA Local This field is enabled if the selected Calculation Types are: Fixed Amount and Hourly Amount This field will change to Percent field if the selected Calculation Types are: FUTA, SUTA, Percent and Hourly Percent. e. Select |
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the Paid By |
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by clicking the drop down combo box button. This will indicate if this is an Employee Tax or Company Tax. f. Select |
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the Account ID |
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by clicking the drop down combo box button. Liability Accounts will only displayed on the list g. Select |
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the Expense Account |
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by clicking the drop down combo box button. Expense Accounts will only displayed on the list. h. Enter |
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the Limit |
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amount. This field should be enabled on the selected Calculations Types:
i. Select |
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the State |
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by clicking the drop down combo box button. This field will only available if the selected Calculation Type are: USA State Disability, USA State and USA Local j. Select |
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the County |
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by clicking the drop down combo box button. This field will only available if the selected Calculation Type is: USA Local 4. Click |
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the Save |
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toolbar button to save the added Tax Type. 5. Click |
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the Close |
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toolbar button to close the Tax Type screen |
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