Setting up Tax

If you track sales and use taxes on your transactions, you need to set up the Lawson Tax application. This procedure provides a checklist of Tax setup tasks. For more information on Tax setup, see the Tax User Guide.

To set up Tax

  1. Access Company (TX00.1) and define your company in the Tax application.
  2. Access Tax Code Master (TX01.1) and define your tax codes.

    Tax codes are predefined codes that identify the tax authority(s) to which your company pays taxes.

  3. Access Tax Rate (TX03.1) and assign tax rates to your tax codes.

    Tax rates are the percentages of tax your company needs to pay. After you assign tax rates to tax codes, you calculate your taxes automatically.

Related reports and inquiries

To Use
List your tax company options Tax Company Listing (TX200)
List tax codes, descriptions, and types Tax Code Master Listing (TX201)
List tax rates and the tax codes they are assigned to Tax Rate Listing (TX203)