Setting Up Tax RATES

1. Setup >> Company Setup >> Tax/Markups Tab >> Tax Rates

2. Use the Tax Rate Name list to select the rate table to configure.

3. Use the Tax Rate Type selection boxes to select:

   1. Regular

   2. Compound

      • A compound tax rate is a tax ADDED TO OTHER TAX RATES when they are applied, NOT to the original selling price itself.

      • Only one compound tax can be configured per tax schedule.

4. Use the grid to add ranges and tax percentages.

5. While setting up the table, you have four options:

• New: Creates a new Tax Rate table.

• Save: Saves the current Tax Rate table.

• Delete: Deletes the current Tax Rate table.

  • Note: The System Default Tax Rate cannot be deleted.

• Cancel: Cancels configuration of the current Tax Rate table and closes the window.

Setting Up Tax SCHEDULES

1. Setup >> Company Setup >> Tax/Markups Tab >> Tax Matrix Setup >> Tax Schedule Tab.

2. Use the Schedule Name list to select the tax schedule table to configure.

3. Use the Default Schedule box to set the current schedule as the default.

4. Use the buttons Add Selected >, < Remove Selected, or << Remove All to move Tax Rates between the Tax Rates Available and Tax Rates Included grids.

5. While setting up the table, you have four options:

   • New: Creates a new Tax Schedule.

   • Save: Saves the current Schedule.

   • Delete: Deletes the current Tax Schedule.

     • Note: The System Default Tax Schedule cannot be deleted.

   • Cancel: Cancels configuration of the current Tax Schedule and closes the window.

For information about how these settings will affect the amount charged on orders, refer to How Taxes Are Calculated.