Sales Tax Account Maintenance - Fields

 

Sales Tax Account Maintenance

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Tax Code

Enter a tax code to be set up, or click the Lookup button to list all tax codes currently set up. Click the Search button to list all tax codes available.

 

Description

Type the description for the tax code being set up.

 

Registration Number

Type the registration number for the tax code. This number is used by tax jurisdictions that require printing this number on sales orders and invoices.

 

Exemption Number

Type the exemption number for the tax code. This number is used only by the Accounts Payable and Purchase Order modules.

 

A/R Sales Tax Account

Enter the Accounts Receivable sales tax account number, or click the Lookup button to list all general ledger accounts. An entry in this field overrides the general ledger account entered in the Sales Tax field in the Division Maintenance window. This field is available only if the Sales Tax Reporting check box is selected in the Accounts Receivable Options window.

If the account number is longer than the field, use the left and right arrow keys to view the entire account number.

Accounts can be created in this field if the appropriate settings are defined in the Auto Create when all Segments are Valid field in the General Ledger Options window. For more information, see General Ledger Options.

Expand or collapse item Entry Sample

235-00-00  Sales Tax Payable

 

A/P Sales Tax Account

Enter the Accounts Payable sales tax account number for posting purchases sales tax for this tax code, or click the Lookup button to list all general ledger accounts. An entry in this field overrides the general ledger account entered in the Sales Tax field in the Division Maintenance window. This field is available only if the Sales Tax Reporting check box is selected in the Accounts Payable Options window.

If the account number is longer than the field, use the left and right arrow keys to view the entire account number.

Accounts can be created in this field if the appropriate settings are defined in the Auto Create when all Segments are Valid field in the General Ledger Options window. For more information, see General Ledger Options.

Expand/Collapse item Entry Sample

235-00-00  Sales Tax Payable

 

A/P Use Tax Account

Enter the general ledger accounts payable use tax account number for posting use tax amounts for this tax code, or click the Lookup button to list all general ledger accounts. This credit posting will be offset with a debit to the A/P Sales Tax account. An entry in this field overrides the general ledger account entered in the Sales Tax field in the Division Maintenance window. This field is available only if the Sales Tax Reporting check box is selected in the Accounts Payable Options window.

If the account number is longer than the field, use the left and right arrow keys to view the entire account number.

Accounts can be created in this field if the appropriate settings are defined in the Auto Create when all Segments are Valid field in the General Ledger Options window. For more information, see General Ledger Options.

Expand/Collapse item Entry Sample

235-00-00  Sales Tax Payable

 

Nonrecoverable Tax Account

Enter the general ledger non-recoverable tax account number for posting non-recoverable amounts for this tax code, or click the Lookup button to list all general ledger accounts. An entry in this field overrides the general ledger account entered in the Sales Tax field in the Division Maintenance window. This account is used only when the Expense Tax to Vendor/Item check box is cleared in Library Master Sales Tax Code Maintenance. This field is available only if the Sales Tax Reporting check box is selected in the Accounts Accounts Payable Options window.

If the account number is longer than the field, use the left and right arrow keys to view the entire account number.

Accounts can be created in this field if the appropriate settings are defined in the Auto Create when all Segments are Valid field in the General Ledger Options window. For more information, see General Ledger Options.

Expand/Collapse item Entry Sample

766-00-00  Purchases Sales Tax Expense

 

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