Setting Up Tax Rate Areas and Document Types

Access the Tax Area & Document Type Revisions form.

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 that you enter against the F4008 table. 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.

Document Type

Enter a UDC (00/DT) that identifies the origin and purpose of the transaction. The system reserves several prefixes for document types, such as vouchers, invoices, receipts, and time sheets.

Sales Taxable

Enter an inventory item number. The system provides three separate item numbers plus an extensive cross-reference capability to other item numbers (see data item XRT) to accommodate substitute item numbers, replacements, bar codes, customer numbers, supplier numbers, and so forth. The item numbers are:

Item Number (short) - An eight-digit, computer-assigned item number

2nd Item Number - The 25-digit, free-form, user-defined alphanumeric item number

3rd Item Number - Another 25-digit, free-form, user-defined alphanumeric item number

Invoice/Voucher

Enter a line in the Automatic Accounting Instructions table that is to be used for debit or credit entries when writing journal entries.

VAT Code

Enter a value that exists in the VAT Report Code (74B/TA) UDC table to specify the VAT category.

Code Tax/Amount

Enter a value of A for the taxable amount or T for the tax amount. In Belgium, the type of VAT code determines where the VAT amount for this field comes from in the F0018 table. T values will direct the report to get the value from field AmtSalesTaxAuth1 (Alias TDSTA1) and AmtSalesTaxAuth2 (Alias TDSTA2). A values will direct the report to get the value from field AmountTaxable (Alias TDATXA).