Tax Codes are maintained in the System Maintenance module. For this exercise we will create a new tax code in all companies. It is important that all companies have the same GL account corresponding to the new tax code; otherwise you will not be able to apply the code to all companies.
1. Open the System Maintenance module
2. Click on the Tax Codes Icon
3. Select the Parent/Master company using the drop down selection menu
4. Click on New
5. Enter a unique tax code identifier
6. Ensure the Use Tax Code is checked for the required modules
7. Enter the Descriptive name for the tax code for each module
8. Enter the Percentage for the tax code
9. Select the General Ledger account to be linked to this tax code using the drop down selection
10. Check the Show in Reports box if required
11. If setting this tax code against Inventory/Components check any of the relevant boxes
12. You have the option apply to “All Companies”
13. Click OK to add the new tax code
14. Click Yes to the update message
15. Click on OK in the Tax Maintenance window
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It is possible to allow for the addition of 100% tax line on Job Purchase Orders, i.e. for overseas tax and duties. The limitation of this is that the user must invoice the tax line in full when processing invoices. To use this functionality the user will need to set up a new tax code in systems maintenance at 100%. |
