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Working with US Tax Codes

Tax Codes represent names and associated rates of Tax set by specific Tax Authorities. Tax Codes are associated with their related Tax Authority via a drop-down list.

You can assign a default Tax Code to a Customer so that when an associated Sales Document is created (such as a Sales Invoice), it will automatically be assigned the default Tax Code.

The Tax Code Document is shown below.

Entering Tax Codes

Entering Tax Codes

There are a few things worth noting:

  • The Tax Authority drop-down is mandatory. Each code must be associated with a specific Tax Authority.
  • The field ‘Only used in Tax Group‘ is to reduce the number of selectable Tax Codes/Groups on Sales Documents by grouping Tax Codes together, and applying the collective rate.
  • The current and historical Tax Rates are entered into the table. If there are no entries the Tax Rate is set to zero.

Also Read About

Working with US Sales Tax
Working with Tax Authorities
Working with Tax Groups
Working with Item Tax Options
Working with Customers