Add Tax Authorities
Before
you start
-
Make sure you have added the general ledger accounts you will need for your tax data.
To add (or edit) a tax authority:
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Open Common Services > Tax Services > Tax Authorities.
Click here for help on fields in the Tax Authorities form
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In the Tax Authority field, enter a code, up to 12 alpha-numeric characters. (To edit a current tax authority, use the Finder to select an existing code.)
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Enter a description for the new authority.
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On the Profile tab:
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Select a tax reporting currency.
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Select a tax base (Selling Price, Standard Cost, Most Recent Cost, or Alternate Amount).
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Select the Allow Tax in Price option, if you need it.
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On the Accounts tab, use the Finders to choose accounts.
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Click Add (to save a new authority) or Save (to save changes to an existing authority).
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Print a list of the tax authorities by clicking Print on the File menu or by choosing the Tax Authorities icon in the Tax Reports folder.
After
adding tax authorities
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Add tax classes
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Enter tax rates
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Add tax groups