Tax Code Configuration Overview

Use Tax Code Configuration to set up the tax codes that are used to calculate taxes in various places throughout Vision.

The Tax Code Setup feature is available only if the Billing application is installed.

Taxes can be applied to:

• Invoices entered in Billing
• Accounts payable vouchers, accounts payable disbursements, employee expenses, cash disbursements, cash receipts, invoices, and journal entries in the Transaction Center
• Expense reports in Time & Expense
• Purchase orders entered in Purchasing

In Tax Code Configuration you enter:

• 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 use Multicompany and the Intercompany Billing feature

You can modify tax code data at any time. To change the tax code ID, you must use the Key Conversions utility.

If you use the Multicompany feature, you must set up tax codes for each company.