Description

Enter a corresponding tax class code description.

Tax Instructions

Enter any tax instructions for this tax class code. They will display on the A/R Draw Request cover screen.

A/R sales tax code

Enter the appropriate code to apply sales tax to customer invoices.

A/P invoice tax code

Enter the code for this use tax (sales or use tax type) to default on A/P invoices and purchase orders. The corresponding description, type, and tax percentage display.

Click the Overrides tab tab to record phases and cost types that will be exempt from this tax in Accounts Payable and Purchase Order.

Job requisition tax code

Enter the use tax code (use tax type only) for job requisitions created in Inventory Control. The corresponding description, and tax type and percentages display. Click the New/Edit Tax Classification - Requisition Overrides tab tab to record phases and cost types that will be exempt from this tax in Inventory Control > Job Requisition Entry.

Override default VAT on customer invoice?

This field only displays when VAT tracking is enabled in the current company (if the 'Utilize value added tax (VAT) tracking?' checkbox is selected in General Ledger Installation.)

Override tax code

This field displays if the Override default VAT on customer invoice? checkbox is selected. Use the available search window to select an override tax code.