More

Select the More tab.

Taxable Account

Select this option to specify whether an account is taxable. When the option is turned on, the account is taxable and the system updates the record in the F0901 table with 1.

Default Tax Rate/Area

Enter a code that identifies a tax or geographic area that has common tax rates and tax authorities. The system validates the code you enter against the Taxes table (F4008). The system uses the tax rate/area in conjunction with the tax explanation code and tax rules to calculate tax and GL distribution amounts when you create an invoice or voucher.

If the account is taxable, you can specify a default tax rate/area for the system to use. The system uses this value only during voucher and invoice entry when the user specifies to track taxes for a general ledger account and does not enter a tax rate/area.