Tax Codes Settings
Use Tax Codes in Cash Management Settings to specify settings related to taxes and intercompany transactions.
Taxes can be applied to:
- Invoices entered in the Billing application
- Accounts payable vouchers, accounts payable disbursements, employee expenses, cash disbursements, cash receipts, invoices, and journal entries in the Transaction Center
- Expense reports in the Expense application
- Purchase orders entered in the Purchasing application
Taxes settings determine the following:
- How the tax is calculated
- Whether the tax is active or inactive
- Whether the tax can be used as an output tax, input tax, or both
- Limits for overriding tax code rates during transaction entry in the Transaction Center
- The non-recoverable tax percentage
- Which intercompany billing transactions the tax applies to, if you have multiple companies and perform intercompany billing
- Related Topics:
- Set Up Tax Codes
You can define an unlimited number of tax codes for your enterprise. You can add new tax codes or modify existing tax code information at any time. - Tax Codes Settings Form
Use the Tax Codes Settings form to enter or modify tax codes. If you use intercompany billing, you can also specify settings related to taxes and intercompany transactions. - Learn More About...
You may find it helpful to review information about tax regions or examples of compound taxes and non-recoverable taxes.
Parent Topic: Cash Management Settings