Master Records > Sales Tax Bracket

To set up tax bracket schedules, perform the following:

1.Access the Sales Tax Bracket function from the Sales Tax group under the Maintenance menu.

2.Enter in the Tax Bracket field the code that you want to assign to this tax bracket record.

3.In the Description and Short Description fields, enter a description and a brief description for the tax bracket code which is reflective of the type and nature of the code you entered in the Tax Bracket field, respectively.

4.Click the List box button in the Status field to assign either an Active or Inactive status for the tax bracket record. Inactive tax bracket records cannot be used in recording transactions in AccountMate.

5.In the Tax Bracket grid, define as many taxable amount schedules as needed to cover all provisions you want to define for sales tax brackets. Click the Append row to end button in the grid toolbar to activate a line in the grid.

6.Enter in the To field the amount that sets as the ceiling for the taxable amount range you want to set up. Enter "9999999.99" to signify that there is no ceiling tax amount.

7.In the Tax Amount field, enter the actual tax amount applicable to the corresponding taxable amount range specified in the grid line.

8.To insert a new line above the current line in the grid, click the Insert row before current button in the grid toolbar.

9.To delete a line in the grid, highlight the line that you want to delete; then, click the Delete selected rows button in the grid toolbar.

10.When you are ready, click the Save button in the function toolbar to save your settings.

Set Up Tax Bracket

Set Up Tax Bracket

See Also