Setup Sales Tax (Desktop)
It is recommended to setup this setting during implementation.
This section is to setup Sales Tax. Sales taxes are posted to every revenue code setup with "Sales Tax". Sales tax cannot be exempted, if does not need to be applied, the code will need to be updated as non-taxable.
Path: Management > Setup > Property > Taxes
1. If not already done, create the Accounting Code for the new tax. For organization purpuses, tax codes are setup as "9" codes in the accounting codes list, but any other code can be used.
2. Add the tax code in the first empty line in the "Sales Tax Codes" section:
- select the tax accounting code,
- complete the tax rate that will be applied.
Contrary of the Revenue Tax, only one sales tax code can be applied to an accounting code.