Contents of the Manage Tax Types Screen

Use the fields and options to configure the Manage Tax Types screen.

Table Window

Use this table window to add a new or modify an existing tax type.

Field	Description
Tax Type Code	Use this field to enter an identification code for this tax type.
Name	Use this field to enter a descriptive name for this Tax Type Code.
Default	Select this check box to set this tax type as the default. Only one tax type can be set as the default.
Accruable	Select this check box to identify this tax type as an accruable tax. Accruable taxes are not immediately remitted to tax authorities. These taxes accrue over many transactions but are paid at one time. An example is a sales tax that is collected over a month of transactions, and then remitted as one payment.
Recoverable	Select this check box to identify this tax type as a recoverable tax. A tax is recoverable if either a portion or all of the paid tax is reimbursed to your company. For example, VAT payments on raw materials (unfinished products) that will be completed and sold to another company or person are considered recoverable.