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).