Manage Taxable Sales Accounts

Use this screen to define which accounts should be included in the tax base for calculation of sales or VAT tax.

You can set up sales and VAT tax codes on the Manage Sales or Value Added Taxes screen.

When you calculate billings, Costpoint applies sales or VAT tax only to amounts charged to the accounts you have specified here. Note that you must also assign each applicable sales tax code to your invoice projects on the Manage Project Sales Tax Setups screen, in order for sales tax to be calculated on billings.

You must assign taxable accounts to sales tax codes before you calculate project billings, if you want automatic calculation of sales tax. You must first set up the necessary sales tax codes on the Manage Sales or Value Added Taxes screen.