Maintain Tax: Difference between revisions

From eStream Software
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* Select an appropriate GL Account from Maintain Account.
* Select an appropriate GL Account from Maintain Account.
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| Tax Rate ||  
| Tax Inclusive ||  
* Input a rate, eg. 5%, 10%, 20%,...
* Tick : Default is Tax Inclusive
* Untick : Default is Tax Exclusive
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Revision as of 02:13, 23 October 2015

Menu: Tools | Maintain Tax... or
Menu: GST | Maintain Tax...

Introduction

  • This to Maintain all the available tax given by Government or user can self add or modified
Maintain Tax-Browse.jpg


Create New Tax

  • Screenshot below is the Maintain Tax entry form.
Maintain Tax-EntryForm.jpg
Field Name Explanation & Properties
Code
  • Enter the tax code to be shown in report
Description
  • Enter the tax description.
Tax Type
  • Select the Tax Type for the Tax Code to be created
Tax Rate

User can self determine the rate or set Auto

  • A : Auto Tax Rate. System will auto change to new rate if there is update in GST Rate (Must update SQL Accounting)
  • E : Mean to be excluded from IRR calculation (useful for OS Tax Code & Mixed Supplies Industry)
  • EA : Combine of A & E
  • 6% : User self determine by fixed rate (eg here is 6%)
  • E6% : User self determine fixed rate for be excluding from IRR calculation
Tax Account
  • Select an appropriate GL Account from Maintain Account.
Tax Inclusive
  • Tick : Default is Tax Inclusive
  • Untick : Default is Tax Exclusive


Use of Tax

  • You can set the tax as default to an item. See below screenshot.
File:Maintain Tax-Use Item.jpg
  • Therefore, item inserted will be automatically calculate the tax amount based on the subtotal. See below screenshot.
Maintain Tax-Use.jpg