Taxes - contents

Overview

The Setup Wizard's Taxes menu allows you to set up your tax parameters for the system. Taxes are date sensitive, which means you can define what date they take effect on or what date they change.

Most provincial, state and Federal taxes are charged globally and are not dependent on who the customer is or what the inventory item is. However, this does vary from place to place. Some taxes may be charged based on who the customer is (tax exempt), where the customer lives (tax zone), what the inventory item is (environmental and ecological ECO taxes), where your goods come from (Duties and Tariffs) and if the item includes labor charges in the retail price (Contractor tax).

To set up your tax parameters for the system:

use a Tax Table to define up to eight different taxes that the system uses for tax calculations (these include, state, provincial, Federal, environmental and ECO taxes).
in the Tax Table define a five digit tax zone to represent different rates for physical tax regions/counties that can then be associated with customer records to determine which taxes are charged.
in the Tax Table define different ECO rates as related to container size and associate your environmental and ECO taxes with inventory items.
define default tax names.
specify the company tax number and create ledger codes specified while setting up the Tax Table.
where applicable, specify tax (G.S.T.) credit information.
where applicable, set up Contractor tax in two ways; either by flagging an invoice as a contractor invoice or by associating a Contractor tax to individual inventory items.
where applicable, track the Duties and /or Tariffs owed Customs and associate individual inventory items with the appropriate code (s).

Alternately, you can import a pre-defined Tax Table.

Access

To access the Taxes setup menu, use the following Navigator path:

Setup Tools> Setup Wizard> Taxes as shown in Figure 1.

Figure 1: Setup Wizard's Taxes menu

Menu Commands and How To's

The following topics explain the function of each of these related menu commands and include related how to information: