Inserting a Tax Code

To add a Tax Code, you perform the following steps:;

1. Click Setup >> System Tables >> Tax Tables.

   

   The Tax Rate List window opens.

   Click here for a description of this window.

2. Click the New button.

   The Tax Rate Detail Window opens.

   

   Click Here for a detailed description of this window.

3. Enter the Tax Code name.

   This is the name that will be displayed anywhere the Tax Code can be selected.

4. Enter the tax number in the City tab.
5. Enter the Tax Rate percentage that applies to City taxes for the overall rate.
6. Click the Lookup button next to the Deferred Tax Account field.

   The Chart of Accounts Lookup window opens.

7. Select the G/L account the city tax should be applied to.
8. Click the Lookup button next to the Tax Payable Account field.

   The Chart of Accounts Lookup window opens.

   

9. Select the G/L account the city tax should be applied to.
10. Select the State/PST tab.

    Click here for more information on the State/PST Tax Tab.

11. Enter the tax number in the State/PST tab.
12. Enter the Tax Rate percentage.
13. Click the Lookup button next to the Deferred Tax Account field.

    The Chart of Accounts Lookup window opens.

14. Select the G/L account the State tax should be applied to.
15. Click the Lookup button next to the Tax Payable Account field.

    The Chart of Accounts Lookup window opens.



16. Select the G/L account the State tax should be applied to.
17. Select the Federal/GST tab.

    Click here for more information on the Federal Tax Tab.

    

18. Enter the tax number in the Federal/GST tab.
19. Enter the Tax Rate percentage.
20. Click the Lookup button next to the Deferred Tax Account field.

    The Chart of Accounts Lookup window opens.

21. Select the G/L account the Federal tax should be applied to.
22. Click the Lookup button next to the Tax Payable Account field.

    The Chart of Accounts Lookup window opens.

23. Select the G/L account the Federal tax should be applied to.

    

24. Click the Save button to save the tax.