Setting Up Surcharges

To implement surcharges, perform these steps:

1. On the Chart of Accounts form, create a Surcharge and, if necessary, Surcharge in Process account.
2. On the Accounts Payable Parameters and Accounts Receivable Parameters forms, accept the default surcharge factor of 1.00, or specify a new factor.
3. Specify the surcharge account(s) on the A/P Parameters, A/R Parameters, Distribution Accounts, and End User Types forms.
4. On the Tax Systems form, specify the surcharge tax code label and description.
5. On the Tax Codes form, use the Include Surcharge field to specify the tax codes that will include surcharges when determining the basis for tax charges.
6. On the Item Contents form, create records for each commodity for which you might apply surcharges.
7. On the Item Content Exchanges form, create a record for each commodities exchange service from which you might buy your item contents.
8. On the Item Content Prices form, create records to track the price fluctuations of each item content, and each exchange.
9. On the Items form, specify that an item contains some amount of item content by selecting the Includes Item Content field on the Sales tab.
10. On the Items form, click the Item Content button to open the Item Content References form.
11. Define the item content reference. This will apply to all uses of this item.
12. Specify the effective date, base price, and content factor for each item content contained within the referenced item.
13. (Optional) To specify a unique reference for an individual customer, vendor, contract, or order line, click the Item Content button on those forms. References created this way will take precedence over the references created for the item in general.
14. On the Customer Surcharge Rules and Vendor Surcharge Rules forms, create a record for each customer/exchange or vendor/exchange combination.
15. For each record, define the price method, offset intervals (where applicable), and start/end date times (where applicable).