Accept or amend the default GL Account ID to which sales order and invoice tax transactions using this tax entity will be posted.  The default GL Account ID in this field is defined in the Sales Tax Payable field in the SO/AR Module Setup function. When you enter a valid GL Account ID, the adjacent field displays the GL Account ID description.

Accept or amend the default GL Account ID to which purchase order sales tax expense transactions using  this tax entity will be posted.  The default GL Account ID in this field is defined in the Sales Tax Costs field in the PO Module Setup function. When you enter a valid GL Account ID, the adjacent field displays the GL Account ID description.

This field is shown only if the company's country tax is Canada. Select in this field either GST or PST tax type to assign to the sales entity record.

Select in this field the appropriate option you want to use for this tax entity code: Tax Rate or Tax Bracket. Choosing the Tax Rate option will enable the Tax Basis and Tax Rate fields. Selecting the Tax Bracket option will enable the Tax Bracket field, and disable the Tax Basis and Tax Rate fields.

Enter in this field the basis of calculating the sales tax when this tax entity code is used in a sales tax code. Select from the following options: Price/Cost, Fixed Amount per Unit, Price plus Tax, and Another Tax.

Enter in this field the appropriate tax rate for the tax entity record. This tax rate will be applied to the sales tax codes to which this tax entity record will be assigned.

Enter in this field that tax bracket code that you want to use in this tax entity record. Alternatively, you may click the List box button to select a tax bracket code. This field is enabled if you select Tax Bracket option in the Calculation Method field.

Enter in this field the tax entity you want to assign to this tax entity record. This is field is enabled only if the Another Tax option is selected in the Tax Basis field. The setting is used with the tax basis for this tax entity record is based on another tax entity record.

Enter in this field the date when the tax entity settings becomes effective. This field is enabled if the Tax Rate option is selected in the Calculation Method field.

This field is enabled only if Tax Bracket option is selected in the Calculation Method field. Mark this checkbox if you want to calculate taxes on a per unit basis.

Enter in this field the minimum amount that is subject to the tax rate set up for this tax entity record. If you want to exclude this amount in computing for the taxable amount, mark the Exclude in Computation checkbox that is adjacent to this field.

Enter in this field the maximum amount that is subject to the tax rate set up for this tax entity record.

Enter in this field in the Tax Amount section the minimum tax amount to be applied when using this tax entity code.

Enter in this field in the Tax Amount section the maximum tax amount to be applied when using this tax entity code.

Select from among the following options the most appropriate method of rounding off the tax amounts:

Higher - Select this option if you want the system to round off the tax amounts to the next higher integer.

Nearest - Select this option if you want the system to round off the tax amounts to the nearest integer.  

Lower - Select this option if you want the system to round off the tax amounts to the next lower integer.

Enter in the field right next to the Rounding Method field the value that will be the basis of the rounding.