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- On the user’s menu panel go to Common Info folder then click Tax Codes
- If there are existing records, Search Tax Codes screen will open
- If there is no existing record, the new Tax Codes screen will open
- From Search Tax Codes screen click New toolbar button
- Enter necessary details on the form
- Click Save toolbar button
Label | Description |
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Tax Code | Tax code name (ie. Indiana Sales Tax) |
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Description | 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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Country | User can define the 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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County | User can define the county associated with the tax. |
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Sales Tax Account | Select from accounts under Sales Tax Account category |
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Purchase Tax Account | Select from accounts under Purchase Tax Account category |
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Taxable by Other Taxes | A list of tax classes that will be taxable on this code |
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Checkoff Tax | If the checkbox is checked, the calculated amount will be offset into the invoice amount for that line item |
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- From Common Info folder, double click Tax Code
- If there are existing records, Search Tax Codes screen will open
- If there is no existing record, the new Tax Codes screen will open
- From Search Tax Codes screen click New toolbar button
- Enter necessary details on the form
- Click Save toolbar button
Label | Description |
---|
Tax Code | Tax code name (ie. Indiana Sales Tax) |
---|
Description | A more detailed description of the tax (optional) |
---|
Type | User can select from different tax types created in Tax Types screen. Type is needed to create templates from tax schedule. |
---|
Calculation Method | Either % of total or an amount per dollar |
---|
Rate | Enter either the percentage or the amount per dollar |
---|
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. |
---|
Address | User enters address of tax agency. |
---|
State | User can define the state associated with the tax. Needed to create templates from tax schedule. |
---|
Country | User can define the country associated with the tax. Needed to create templates from tax schedule. |
---|
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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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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