Taxable

Select this check box if the manual journal entry is an amount that is being taxed.

This field is enabled when the Account field is populated with an account that is maintained in the Account Tax Code Defaults form.

If Taxable is selected, the tax code from the Account Tax Code Defaults form is used in the Tax Code field, and the Total Amount and Entry Is Tax fields are enabled.

If Taxable is cleared, the exempt code from the Account Tax Code Defaults form is used in the Tax Code field, and the Total Amount and Entry Is Tax fields are disabled.