Setting Tax Parameters

Starting Tax Period Date

Select the date on which you want the tax period to begin. This field stores the dates following the last submission of the VAT return.

Starting SSD Period Date

Select the starting Supplementary Statistical Declaration (SSD) period date. This field stores the dates following the last submission of the SSD report.

Cash Rounding Factor

Specify the rate in which to round cash figures.

Agent Vendor

Select the agent vendor number to use to identify the taxing agent.

Print Tax Codes on Invoice

Select this check box to print each line item's tax code(s) on the invoice.

Print Tax Footer on Invoice

Select this check box to print a tax summary on the last page of the invoice.

Prompt for Tax Discount

Select this check box to prompt for a tax discount. Prompting for a tax discount lets you reduce the tax amount, using the customer's discount. This situation occurs mainly in the UK: when customers continually pays bills on time and receive the early payment discount, the vendor can apply to the taxing authority to enable the customer to pay taxes only on the final amount.

Two Exchange Rates

Select this check box to allow two exchange rates. UK Customs and Excise require use of their published monthly or bi-monthly currency conversion rates when calculating the tax on sales to domestic customers using a currency other than their own.

Prompt for Tax System

Select this check box to prompt for the specified tax system. The tax system provides the flexibility of not prompting for any tax codes. If this check box is cleared, all tax codes are set to the default values and no prompting occurs when customers, vendors, CO, PO, A/R, and A/P transactions are entered. Additionally, the codes are not displayed. The tax amounts, however, are shown at all times.

Tax ID

Specify the tax registration number for your company Tax ID Label.

Branch ID

If applicable, specify the branch ID.