Enter Tax Rates
Before
you start
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Before you enter tax rates, you must add tax authorities and tax classes.
To enter tax rates:
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Open Common Services > Tax Services > Tax Rates.
Click here for help on fields in the Tax Rates form
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Select a Tax Authority code.
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Select Sales or Purchases as the transaction type.
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For each item tax class, enter the applicable tax rates as a percentage. (For example, to enter a tax rate of 6%, type 6.00.)
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When you are finished, click Add or Save.
After
entering tax rates
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Print a list of the tax rates you have entered or edited.
Additional
information
The new rate will apply only to invoices entered after you save the tax rate changes. If you need to edit the tax already calculated on invoices in open (unposted) batches, you must use the Accounts Taxes form in Accounts Receivable and Accounts Payable or the Items Taxes form in Order Entry. (See A/R, A/P and O/E online Help for more detailed information about editing taxes manually.)