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Tax Window Field Reference

This section provides a brief description of some of the fields in the Tax window.

Inclusive Tax: This check box indicates whether this is an inclusive tax line. This is for display only.

Precedence: The precedence number for each tax code. You can only enter this field if the Compound Taxes option in the System Options window is set to Yes and your invoice line is not a standard tax line. Precedence numbers determine how Receivables will compound taxes. The tax line with the highest number will calculate tax on all tax lines with a lower precedence number. If you leave this field blank, this line will not calculate tax on any other tax lines.

Rate %: Receivables displays the tax rate that is associated to this tax code. You can change the tax rate if this is in ad hoc tax code and the profile option Tax: Allow Ad Hoc Tax Changes is set to Yes. The total tax rate assigned to this invoice line is displayed at the bottom of this field.

Tax Code: The tax code or tax group for this invoice line. You can change an automatically generated tax code if the profile option Tax: Allow Override of Tax Code is set to Yes.

If you change the tax code for a specific line, Receivables will display the new tax rate and amount regardless if this tax code is used to calculate compound tax.

Transaction: The Transaction Flexfield for this invoice line. If you are manually entering transactions, you can use this flexfield to capture additional information. If you are using AutoInvoice, this flexfield uniquely identifies invoice tax lines in your AutoInvoice tables.

See Also

Entering Tax Information

Calculating Tax

Entering Transactions


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