Taxable 1

Enter the tax code that identifies the tax rate that applies to this item in an item-based tax system, or the exemption code for this item in an area-based tax system.

Note: For demo purposes, this tax code is defined as taxable. You can change this label to suit your needs.

In an area-based tax system, a blank tax code signifies the item is taxable at the rate of the Estimate header tax code. A non-blank code identifies this item as being exempt.

In an item-based tax system, the tax code entered must be a rate-type code. The rate of the tax code is used when calculating taxes for this item. The code entered is validated against the tax code file.

This field is only displayed when the Prompt for [Tax System (1)] field is selected on the Tax Parameters form and the Prompt on Line Item is selected on the Tax Systems form. This field defaults from Items.

In an item-based tax system, the tax jurisdiction will precede the Items defaults.

On the Posted Transaction - Voucher Pre-register form, the exempt tax code for the selected transaction displays for reference (if applicable).