Maintain Tax

From eStream Software

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
Maintain Tax-TaxRate.jpg
Field Name Explanation & Properties
Code
  • Enter the tax code to be shown in report
Active
  • Checked : Active & able to select from the Tax List in data entry
  • UnChecked : InActive & unable to select from the Tax List in data entry
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

Default 1st row is the Default selection in data entry

Tax Account
  • Select an appropriate GL Account from Maintain Account.
Tax Inclusive
  • Checked : Default is Tax Inclusive
  • UnChecked : Default is Tax Exclusive


Use of Tax

  • You can set the tax as default at the following
  • GL | Maintain Account...
  • Customer | Maintain Customer...
  • Supplier | Maintain Supplier...
  • Stock | Maintain Stock Item...
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