The tax codes establish the tax rates in the system for both the
standard tax processing and the enhanced tax processing as
activated in the Company Taxing
Parameters.
Tax codes must be setup before proceeding with Default Accounts and also Customer Information.
The ability to change the Tax Codes through out the system including in the customer file, site file and on the document is also controlled by Security Role and operator permission setup in Security Role Permissions in the Document Field Access window.
The ability to over-ride the tax dollar amount to be charged on a document is controlled by the Company Taxing Parameters flag Prompt For Document Taxes.
Changes made to either Standard Tax Code 1 or 2 on the header, details, services, or damage waiver of counter documents including Contracts, Quotes, Reservations and Invoices, are written to the Audit Log and can be viewed under the "DOCUMENT TAX CODES" category.
Standard taxing respects the exemption flags defined in Customer Information.
If more than two tax codes are required simultaneously, this can
be achieved with the Enhanced tax processing. Please contact
Texada Support to discuss and activate this processing if this
applies to your firm.
The city file and other tax exemption tables can be maintained from
this option by clicking on the ADVANCED button, as
outlined in the Enhanced Taxing options.
Alternatively the Vertex tax solution can be used for
complex taxing based on the store location and the customer
Shipping or Billing address.
Please contact Texada Support to discuss and activate this
processing from the Company Taxing
Parameters if this applies to your firm.
The city file can be maintained from this option by clicking on the
CITY TAXES button.
Refer to Tax Prompts by Taxing Method and Tax Maintenance Overview for the STANDARD and for the ENHANCED rules determining which taxes apply.
If Vertex tax processing is employed, only the tax codes Y for Yes, and NTX are required as all taxes are included in the Tax 1 value.
Note: This tax percent is ignored if Vertex Software is used to calculate document taxes, as Vertex maintains the tax rates.
Note: A G/L Control account cannot be used. Control accounts for A/R or for A/P are setup by currency in Default Accounts.
Uncheck this box if this does not apply to your firm for this
tax code.
Check this box if this tax should be applied on Tax 1.
Check this box to calculate the tax based on the average cost of
the products.
The tax amount is not reflected on the document, as the calculation
occurs in Daily Close 2. This applies only to very specialized
firms, and not to the typical rental firm.
Please contact Texada Support if your firm needs this option, to discuss specialized inventory setup to make this function work properly.
Note: This feature is only available when Enhanced Tax processing is activated in the Company Taxing Parameters.
ACTIONS:
Additional actions provided by buttons on
the Tax Code setup screen include:
Enhanced Tax Code Settings:
If your firm utilizes the Enhanced Taxing option as activated in
the Company Taxing Parameters, click the
ADVANCED button to access and maintain the city file
and other tax exemption tables as outlined in Enhanced Taxing.
City File Maintenance:
If your firm utilizes the Standard tax method or the Vertex Tax
option as activated in the Company Taxing
Parameters, click the CITY TAXES button, to
access and maintain the city file, as outlined in City Tax Codes.
Converted from CHM to HTML with chm2web Pro 2.85 (unicode) |