G/L Tax Codes Workspace

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

These codes are different from standard tax codes because they let you explicitly determine whether a tax amount should be posted to receivable or payable accounts.

Standard tax codes, which you set up in the Tax Codes workspace, implicitly determine whether a tax amount should be posted to receivable or payable accounts.

Maconomy uses G/L tax codes to calculate tax on entries that are posted in the General Journal workspace in the G/L module and in the Purchase Orders, Vendor Invoices, Invoice Allocation, and Reallocate Invoices workspaces in the A/P module.

You can also maintain EU acquisition tax codes in this workspace.