Specifying Tax Rates

Access the Tax Values form.

Cust Code (customer code)

The system displays this field if you entered a code in the Customer Category Code Number field on the Tax Definition form. Select a code from the Address Book category code that you entered in the Customer Category Code Number field. For example, if you entered code 10 (Customer Group), you can select a value from the 01/10 (Customer Group) UDC table to specify the customer code.

Item Code

The system displays this field if you entered a code in the Item Category Code Number field on the Tax Definition form. Select a code from the Inventory category code that you entered in the Item Category Code Number field. For example, if you entered code 05, you can select a value from the 41/05UDC table to specify the item code.

Effective Date

Enter the date when a transaction, contract, obligation, preference, or policy rule becomes effective.

Tax Rate

Enter a number that identifies the percentage of tax that should be assessed or paid to the corresponding tax authority, based on the tax area.

Enter the percentage as a whole number and not as the decimal equivalent. For example, to specify 7 percent, enter 7, not .07.

Meas Unit Tax Amount (unit of measure tax amount)

Specify the tax amount by unit of measure.

UM (unit of measure)

Enter a user-defined code (00/UM) that indicates the quantity in which to express an inventory item, for example, CS (case) or BX (box).