Working with Item Tax Options

To find out more about www.salesorder.com‘s accounting prowess, have a look here, or click here to set an appointment. Item Tax Options (ITOs) are flags indicating if a particular Line Item is Taxable or not. By default a single ITO exists which is called ‘Taxable’. You can specify as many ITOs as you wish, each has a name and a … Read More

Working with Tax Groups

To find out more about www.salesorder.com‘s accounting prowess, have a look here, or click here to set an appointment. Tax Groups group together a set of related Tax Codes and present a single rate which is the sum of the constituent Tax Code Rates. Tax Groups are used when you need to apply multiple Tax Rates to your Sales Line … Read More

Working with Tax Codes

To find out more about www.salesorder.com‘s accounting prowess, have a look here, or click here to set an appointment. For UK companies Tax Codes represent those codes defined by HMRC for VAT on sales and purchases. A set of pre-defined Tax Codes and associated rates in line with those issued by HMRC, is loaded in your system. These Tax Codes … Read More

Working with Tax Authorities

To find out more about www.salesorder.com‘s accounting prowess, have a look here, or click here to set an appointment. Tax Authorities represent government bodies that collect Tax and/or issue Tax refunds. In the UK a Tax Authority would be Her Majesty’s Revenue and Customs or HMRC, which also deals with Value Added Tax (VAT). In the US, Tax Authorities would … Read More