Tax Codes

The Tax Codes page allows users to setup different tax codes and rates which will apply to subcontract or head contract progress claims on the system. Create tax codes which align to the tax code stored in your accounting system. Tax codes can then be assigned to projects or subcontracts (see Project Setup portion of this page).

This page shows all existing tax codes. You can view the tax codes, add a new tax code, filter, sort, and reset filters.

Enterprise Administrators can use the following project settings to manage tax codes:

Allow Tax Codes/ to be Entered Use to manage tax rates for payments to Subcontractors. Some localities dictate that General Contractors pay tax on some invoice items. When this setting is selected, you can choose two additional settings: Require Tax Codes and Lock Imported Tax Codes.

Require Tax Codes: This setting is displayed only if Allow Tax Codes to be Entered is selected. When this setting is selected, the tax code field becomes a mandatory field on the Contract Maintenance page.

Lock Imported Tax Codes: This setting is displayed only if Allow Tax Codes to be Entered is selected. When this setting is selected, the tax code field on the Contract Maintenance page is displayed but is not a required field For imported contracts, the tax codes field is disabled, only service users can edit this field.

Note: Only Enterprise Administrators can add tax rates/codes.