Procedures in this chapter
This section describes setup requirements for users of the Lawson Tax application. If you are using a third party system, see the Tax User Guide for details on your required setup.
Use these procedures.
After you analyze the tax needs of your organization and determine which tax system best meets those needs, perform these steps to complete your tax setup.
-
Define a tax company. At the company level, you specify which tax system you are using and whether you will define tax accounts for the entire company or for each tax code.
-
Define as many tax codes as your organization requires. A tax code is assigned to a taxed invoice. It identifies the tax authority you will pay.
-
Conditional. To apply multiple tax codes to a transaction, define a tax table that includes all of the applicable tax codes. This step is required only if you have codes with a type of Tax Table Codes.
-
Define tax codes in greater detail by assigning tax accounts, controls, tolerances, and more to each tax code.
-
Assign tax rates to tax codes so that the system can calculate tax automatically. Tax rates specify what percentage to apply to taxable transaction amounts.