G/L Tax Tables Workspace

Use this workspace to set up G/L tax tables.

Use G/L tax tables if your company purchases items from tax locales that have different tax rates, or if you have more than one company in your enterprise, and the companies are subject to different taxes.

You use tax tables to maintain standard G/L tax codes for specified allocation combinations. If you specify a tax code for the allocation combination in use, Maconomy automatically generates the entry of a tax code whenever that combination is used in, for example, the general ledger.

Use the G/L Tax Table Lines sub-tab to specify the G/L tax code to be used in different cases. For each line in this sub-tab, specify how taxes are applied to certain items and activities by assigning a G/L tax code to a target group composed of a combination of dimensions, activities, and a period.

You can assign one G/L tax table to each company. If you do not assign a G/L tax table to a company, Maconomy uses the G/L tax code for the G/L account that is associated with an entry.

Use the Selection Criteria island to select the G/L tax tables to display in the G/L Tax Table Lines sub-tab. You can edit the field values of any G/L tax table that is displayed.