Master Records > Sales Tax Code > Set Up Sales Tax Code

To set up the sales tax code record, perform the following steps:

1.Access the Sales Tax Code function from the Sales Tax group under the Maintenance menu of the Sales Order, Accounts Receivable, and Accounts Payable modules..

2.In the Tax Code field enter the code that you want to assign to the new sales tax code record. Once a valid tax code is entered in this field, the rest of the fields in this function are enabled.

3.To set up the general information about the new sales tax code, enter values in the following fields:

oDescription

Enter in this field a description for the sales tax code which is reflective of the type and nature of code you entered in the Tax Code field.

oShort Description

Enter in this field a brief description for the sales tax code which can be easily recognized as that of the type and nature of the code you entered in the Tax Code field.

oStatus

Accept or amend the default status of the new sales tax code you are creating. The default value is Active.

4.Mark any or both of these checkboxes, if applicable:

oClaim GST

Marking this checkbox configures the system to claim GST input tax credit on taxable purchases. This will be the default setting in AP Invoice Transaction.

oClaim PST

Marking this checkbox configures the system to claim PST input tax credit on taxable purchases. This will be the default setting in AP Invoice Transaction.

5.To save the settings and values for this new sales tax code record, click the Save button in the function toolbar; otherwise, click Cancel.

Set Up Sales Tax Code

Set Up Sales Tax Code

See Also