Sales Tax Entity

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Sales Tax Entity

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Sales tax entity codes facilitate setting up sales tax code records to be used in various sales order, invoice, and purchase order transactions. Setting up sales tax entity records in AccountMate allows you to assign the same sales tax entities to various sales tax code records.

 

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Note: When you update certain data in the sales tax entity record specifically the sales tax rate, GL Account IDs, taxable amounts, tax amounts, exclude in computation setting, and rounding method; the change immediately affects all sales tax code records to which that sales tax entity is assigned, but does not affect the existing sales invoices, sales orders, or purchase orders to which those sales tax codes are assigned.

 

 

 

See Also

Set Up Sales Tax Entity

Sales Tax Code

Sales Tax Bracket

 

 

 

 

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