Contents of the Tax Codes Dialog Box for Journal Entries
Use these fields and options to select and calculate debit and credit taxes for journal entries.
Tax Codes Grid Options
Field | Description |
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Tax Codes Drop-Down |
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Insert | Click this option to insert a blank row in the grid. Then enter a tax code with which to calculate a tax amount for the debit or credit amount that you entered for the journal item on the Journal Entries form. The calculated tax amount then prefills in either the Debit or Credit column in this dialog box, based on whether you entered an amount in the Debit or Credit field on the Journal Entries form. |
Delete | Select a tax code in the grid to delete from the tax debit or credit calculation and click this option. |
Tax Codes Grid Fields
Field | Description |
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Tax Code | Select a tax code from the drop-down list.
The tax rate that is entered for this tax code in Taxes Settings is used to calculate the debit or credit tax amount that prefills in the Debit or Credit fields in this row. A tax debit amount is calculated and prefilled in the Debit field on this dialog box if you entered an amount in the Debit field for the journal item on the Journal Entries form. If you entered an amount in the Credit field for the journal item on the Journal Entries form, a tax credit amount is calculated and prefilled in the Credit field on the Tax Codes dialog box. You can enter multiple tax codes in the grid on the Tax Codes dialog box for calculating taxes. However, you cannot add the same tax code more than once. |
Description | This column prefills with the description of the tax code that you entered in the Tax Code column. The description is retrieved from Taxes Settings. |
Debit | This column prefills with a calculated tax debit amount that is based on the tax code that you entered for the row and the debit amount that you entered for the journal item on the Journal Entries form. You can change the prefilled amount. You cannot enter both a debit amount and a credit amount in the same row. |
Credit | This column prefills with the calculated tax credit amount that is based on the tax code that you entered in the row and the credit amount that you entered for the journal item on the Journal Entries form. You can change the prefilled value. You cannot enter both a debit amount and a credit amount in the same row. |
Sum Bar | The sum of tax debit amount or tax credit amount that is calculated on the Tax Codes dialog box displays on the bar below the tax codes grid, below the Debit and Credit columns. These total amounts prefill the Total Tax Debit or Total Tax Credit field in the grid on the Journal Entries form when you click OK on this dialog box. |
Button
Field | Description |
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OK | After you complete the entries on this dialog box, click this button to return to the Journal Entries form. The total amounts from the Sum Bar on this dialog box prefill the Total Tax Debit or Total Tax Credit field in the grid on the Journal Entries form. |