Set Up Tax Rates

Set Up Tax Rates

Overview

You need to setup your tax rates so that the correct rate is applied when purchasing and selling items. See the video for more information:
A step by step guide can be found below the video.


Steps 

  1. In System Setup, open System Data.
  2. Double click on the Tax Rates line to open the table.
  3. Enter Edit mode.
  4. Use the New button to add a new line in the table.
  5. Enter a code to determine the order in which the rates are displayed in a VAT return.
  6. Enter a description.
  7. Enter a percentage value for the tax rate.
  8. Ensure that a default rate has been designated using the check box.
  9. Save the screen.


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