Tax
Rate Table
The Tax Rate Table provides an ability to maintain
up to seven tax rates. The table is opened by selecting Tax Rate Table
from the Standard Tables dialog box.
To add/edit a Tax Rate item
1. Select Tax Rate Table from the Standard Tables dialog box.
The Tax Rate Table dialog box appears.
2. Add/edit the fields of the Tax Rate Table as necessary.
The table is comprised of the following five fields.
- Description - The name of the tax rate category as it
appears in pull-down menus and on printed reports.
- Material Rate - The percentage of an order's material cost
that will be applied as a tax to the order.
- Labor Rate - The percentage of an order's labor cost that
will be applied as a tax to the order.
- Default - Selects which items will be applied to new
customers as the default.
- G.L. Code - The General Ledger Code which will be applied
to the tax item.
3. Select Done to save your additions/changes.
Note: Tax #6 and #7 are Compound Taxes. This means that they are
calculated on the total value after all other taxes have been added.
