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Access this window using one of the following methods:
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At the Sales Tax Schedule field in any window that has this field, enter a new sales tax schedule. The Sales Tax Schedule Maintenance window appears. In the Tax Code field, enter a new tax code. In the Sales Tax Code Maintenance window, in the Tax Class field, enter a new tax class.
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Use Sales Tax Class Maintenance (On the Fly) to define different types of tax classifications. During System Startup, the following three tax classes are defined automatically and cannot be deleted.
Nontaxable (NT)
Taxable (TX)
Taxable Freight (TF)
Each sales code, inventory item, and miscellaneous charge code is assigned a sales tax class using the Inventory Management, Sales Order, Purchase Order, Accounts Payable, and Accounts Receivable modules. When the sales code, inventory item, or miscellaneous charge code is entered during data entry, the tax class is defaulted. Tax is then calculated based on how the tax class is set up within the tax code used for this source document. A tax class must be defined for each classification of goods and services that are taxed at different rates.
Note The codes set up using this option are not company specific and are available to all companies.
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