Difference between revisions of "35. Tax Codes"
From TrueERP wiki
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'''Tax Codes''' | '''Tax Codes''' | ||
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| + | '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. | ||
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'''Tax Codes- Do you understand the difference between the purchase tax codes and the sales tax code?''' | '''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 '''Purchase Tax Codes''' are applied to your PO's to your ''suppliers''. |
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| + | * The '''Sales Tax Codes''' are applied to your Sale's Order or Invoices to your ''customers''. | ||
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| + | These are set per your region. | ||
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| + | 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. | |
Latest revision as of 08:19, 30 October 2015
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.
