Entering Tax Rates

Learn more

Adding Tax Authorities

Adding Tax Classes

Adding Tax Groups

Entering Withholding Tax Rates

Setting Up Reverse Charges

Tax Rates Screen

You enter tax rates for each set of sales and purchases tax classes.

When you enter a new tax rate or change an existing tax rate, the new rate will apply only to invoices entered after you save your changes.

To edit the tax already calculated on invoices in open (unposted) batches, use the Detail Taxes screen in Accounts Receivable, Accounts Payable, and Order Entry.

Before you enter tax rates, you must add tax authorities and tax classes.

To enter tax rates:

  1. Open  Tax Services > Tax Setup > Tax Rates.
  2. In the Tax Authority field. specify a code.
  3. Select Sales or Purchases as the transaction type.
  4. For each item tax class, enter the applicable tax rates as a percentage. (For example, to enter a tax rate of 6%, type 6.00.)
  5. When you are finished, click Save.

You can print a list of the tax rates you have entered. For more information, see Tax Rates Report.