Tax Code
Master Maintenance Tax Code
Master MaintenanceUse this program to set up and maintain tax codes and percentages for various municipalities such as the state, county, and city. Tax codes can be set up for U.S. and international municipalities.
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Access this screen by entering a new or existing tax code on the Tax Code Master Maintenance - Launch screen. Enter descriptions and tax rates for the tax code, and then indicate whether this tax code is used to tax certain transactions such as rental, labor, and pick-up charges.
Tax Code Master Maintenance - Launch
Tax Code Master Maintenance
Displays the code for the tax record you are maintaining. For example, if you were setting up California state tax, the code might be CA. If you were setting up the Orange County tax within California, the code might be CAOR.
Enter or accept the number from Vertex (a third-party taxation software) that corresponds with this tax code.
Indicate whether the tax code is used for A/R transactions only (R), A/P transactions only (P), or for manual G/L journal entries only (M). Leave this field blank if there are no restrictions on the use of the tax code.
Enter the description of the tax district. For example, for the CAOR tax code for California, Orange County, a description might be CALORGCTY.
Enter the description that will print on invoices and other documents for this tax code.
Enter the description to be used when searching for this tax code.
Enter the rate percentage for the tax code. In the case of a combined tax code such as CAOR for California, Orange County, the tax rate and description from the first part of the tax code (CA) come from that tax code record and cannot be changed.
Enter the description for the tax code such as Orange County Tax. In the case of a combined tax code such as CAOR for California, Orange County, the tax rate and description from the first part of the tax code (CA) come from that tax code record and cannot be changed.
Displays the total tax percentage for the tax code.
Maximum taxable amount per invoice
If applicable, enter the maximum amount of tax for this tax code that can be charged on one invoice.
Maximum taxable amount per item
If applicable, enter the maximum amount of tax for this tax code that can be charged for one item on one invoice.
If applicable, enter the general ledger account number that corresponds with this tax code.
(Received not Invoiced) RNI Fixed Asset
Accrues the VATValue added tax. The tax structure used outside of North America. upon receipt of a fixed asset when the FNP (quasi) entry is recorded.
(Received not Invoiced) RNI Other
Accrues the VATValue added tax. The tax structure used outside of North America. upon receipt of items other than fixed assets when the FNP (quasi) entry is recorded.
Indicate whether this tax code is used to tax rental contracts.
Indicate whether this tax code is used to tax sales orders/invoices.
Indicate whether this tax code is used to tax damage waiver on rental contracts.
Indicate whether this tax code is used to tax labor on work orders.
Indicate whether this tax code is used to tax delivery on contracts.
Indicate whether this tax code is used to tax delivery on contracts.
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Function Key |
Description |
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F1 |
Help. Place your cursor in a field and press F1 to access online help for that field. Place your cursor outside of any field, and press F1 to access online help at the program level. |
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F3 |
Exit. Exit the page or program. |
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F4 |
Search. Place your cursor in a searchable field and press F4 to access a lookup window or more advanced search screen. |
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F5 |
Refresh. Refresh the screen and remove entered data. |
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F12 |
Cancel/Previous. Exit the program or move back a screen. |
Create Rental - Tax Itemization
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