Adding Transaction Nature Codes

Access the Transaction Nature form.

Transaction Nature

Enter a 3-character code that for tax purposes identifies a type of transaction. To enter values for the transaction nature code, use this convention: X.YY. X defines the origin of the transaction (inbound or outbound). Values for X are:

1: Inbound, inside the state

2: Inbound, other states

3: Inbound, import

5: Outbound, inside state

6: Outbound, other states

7: Outbound, export

YY defines the transaction as a whole, such as a sales transaction.

Examples of transaction nature codes include:

511: In-state sale

611: Out-of-state sale

Transaction Suffix

Enter a value to complete this 2-character field in conjunction with the transaction nature code to identify the complementary implications of a type of transaction. For example, the suffix might indicate that a certain type of transaction represents an inventory change, or that a transaction is eligible for a certain type of tax.

Values might include:

01: Bonus

02: Demo

03: Sample

04: Return merchandise

05: Back order

06: Donation

Examples of Transaction Nature codes with suffixes include:

511 01: In-state sale, bonus

511 05: In-state sale, back order

DIPI Classification

Enter the DIPI Classification code, which is a 4-character, alphanumeric field that you can use for tax reporting. Use this code to link the product with the Transaction Nature code.

ICMS Code

Enter a code that indicates how ICMS tax is applied. You set up the codes that you need in the ICMS Code - Fiscal Value UDC (76/II). The system uses the code when it calculates ICMS tax, and when printing fiscal books.

ICMS Substitution

Enter a code that specifies whether a client or product is subject to tax substitution. Values are:

Y: Use list price.

Z: Use net price.

N: No.

IPI Code

Enter a code that indicates how IPI tax is assessed. This code determines in which column of the Inbound/Outbound Fiscal Book the system prints the IPI tax amount. You must enter a code that exists in the IPI Code Fiscal Value (76/IP) UDC table. Values are:

1: Taxable

2: Exempt or not taxable

3: Other

Special ICMS TAX FLAG

Select to enable the ICMS Tax Situation Code field.

ICMS Tax Situation Code

Enter a value that exists in the Tax Summary (76/ST) UDC table to specify a special tax situation. Examples of the hard-coded values are:

40: Exempt

41: Not taxed

50: Suspended