Defining tax tables

This procedure covers an optional setup process. If you do not have any tax codes set up as tax table codes, you can skip this procedure. If you have a tax code set up as a tax table code, you must define a tax table.

Before you can define tax tables, you must have defined your tax codes. Defining tax codes

To define a tax table, you must:

  • Define an effective date for the table

  • Decide what taxable effect each tax code will have on the taxable amount for the next tax code in the table

  • This procedure gives instructions for defining a tax table.

Define a tax table

  1. Access Tax Tables (TX01.2).
  2. Set up your tax table. Add each of the tax codes that you want to be a part of the table. You can define up to eight tax codes for each transaction.
  3. Select the effect you want the tax code to have on the taxable amount for the next tax code in the table in each tax code's Taxable Effect field. You can add to the taxable amount for the next tax code, subtract from the taxable amount, or let it have no effect on the taxable amount.
  4. Select the Add form action.
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