View source for 35. Tax Codes

'''Tax Codes'''

'Tax Code' is a federal government document, numbering tens of thousands of pages that details the rules individuals and businesses must follow, in remitting a percentage of their incomes to the federal government.


'''Tax Codes- Do you understand the difference between the purchase tax codes and the sales tax code?'''

* The '''Purchase Tax Codes''' are applied to your PO's to your ''suppliers''. 

* The '''Sales Tax Codes''' are applied to your Sale's Order or Invoices to your ''customers''.

These are set per your region.


To set your Default Tax Codes:
* Utilities
* Preferences
* Inventory
* Under Default Tax Codes for New Product

This is where you would adjust your Purchase Tax Code and your Sales Tax Code for your region.