Tax codes table

The tax codes identify all possible taxes and their jurisdictions. You can set the rates, define rules, attach GL codes, and identify tax on tax rules if required. A tax code should be defined for each type of tax to be calculated and reported by Enrich. The tax codes are further refined by jurisdiction to produce a set of rates and rules. The calculated tax amounts are retained at the tax code and jurisdiction level.

1. At the EMMS main menu, select Administration | Tables --> | Administration Tables | Accounting | Tax | Tax Codes. The Display Tax Code screen appears.
2. Click Change . The Edit Tax Code change screen appears.
3. Click Add . The Edit Tax Code add screen appears.
4. Fill in the fields as required.

   Tax Codeis a unique code identifying a type of tax.

   Tax Code Descriptionis a brief description of the tax.

   Special Charge Typeis a generic category for the tax for accounting purposes. You can right-click in the field and select Prompt to select the special charge type from a list.

   FPis a flag identifying which level of government charges the tax, i.e. the jurisdiction.

5. Click Enter to save the tax codes.
6. Click Change to return to the Edit Tax Code change screen.
7. You can now enter rates, define rules, attach GL codes, and identify tax on tax rules.

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