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).