35. Tax Codes
From TrueERP wiki
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.
