Tax Rate and Schedule Setup
Setting Up Tax RATES
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Setup >> Company Setup >> Tax/Markups Tab >> Tax Rates
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Use the Tax Rate Name list to select the rate table to configure.
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Use the Tax Rate Type selection boxes to select:
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Regular
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Compound
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A compound tax rate is a tax ADDED TO OTHER TAX RATES when they are applied, NOT to the original selling price itself.
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Only one compound tax can be configured per tax schedule.
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Use the grid to add ranges and tax percentages.
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While setting up the table, you have four options:
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New: Creates a new Tax Rate table.
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Save: Saves the current Tax Rate table.
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Delete: Deletes the current Tax Rate table.
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Note: The System Default Tax Rate cannot be deleted.
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Cancel: Cancels configuration of the current Tax Rate table and closes the window.
Setting Up Tax SCHEDULES
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Setup >> Company Setup >> Tax/Markups Tab >> Tax Matrix Setup >> Tax Schedule Tab.
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Use the Schedule Name list to select the tax schedule table to configure.
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Use the Default Schedule box to set the current schedule as the default.
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Use the buttons Add Selected >, < Remove Selected, or << Remove All to move Tax Rates between the Tax Rates Available and Tax Rates Included grids.
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While setting up the table, you have four options:
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New: Creates a new Tax Schedule.
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Save: Saves the current Schedule.
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Delete: Deletes the current Tax Schedule.
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Note: The System Default Tax Schedule cannot be deleted.
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Cancel: Cancels configuration of the current Tax Schedule and closes the window.
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For information about how these settings will affect the amount charged on orders, refer to How Taxes Are Calculated.