Maintain Tax

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Revision as of 09:02, 18 February 2013 by Csloo (talk | contribs) (→‎Use of Tax)

Menu: Tools | Maintain Tax...

Introduction

  • Tax % to calculate the tax amount based on each item sold/purchase value.
  • Tax is excluding the price.
Maintain Tax-Browse.jpg


Create New Tax

  • Screenshot below is the Maintain Tax entry form.
Maintain Tax-EntryForm.jpg
Field Name Explanation & Properties
Code
  • Input the tax code.
Description
  • Input the tax description.
Tax Account
  • Select an appropriate GL Account from Maintain Account.
Tax Rate
  • Input a rate, eg. 5%, 10%, 20%,...


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