The Tax Table Addition module provides the facility to enter various taxes and calculations to the tax table. If you are a Canadian customer using the GST facilities in atrieveFinance and other systems, you must set Item #2 in the master profile in atrieveFinance. See atrieveFinance master profile documentation for further explanation.
Tax Code
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Enter a single digit code to relate to the description of the tax parameters. This can be alphabetic or numeric.
Effective Date
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Enter the date [YYYYMMDD] that the tax code is to become effective.
Description
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Enter a description defining the code (30 alpha/numeric characters).
Factor
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Enter the percentage for calculation in the form: 0.050 to 5%.
Compounding Sequence
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Enter the sequence in which this tax code is to be compounded.
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Add on base
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Add on in second round after 1's -- (base + 1's)
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Add on in third round after all 1's and 2's - (base + 1's and 2's).
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If GST Features Are In Use (Canada ONLY):
Rebate
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Enter the rebate percentage for calculation in the form 0.570 to show a rebate of 57%. If this database code is to be used with revenue accounts, enter 0.00. See Journal Entry documentation.
Tax Code Type
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Enter the tax code type to be used for this tax code. Enter 'E' for expense or 'R' for revenue.
Liability/Receivable GL
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Enter the general ledger account to be affected.
Expense GL
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Enter an expense GL in this database if you want the GST costs charged to a central GL code instead of charged to each expense item on an invoice.
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Press Enter to charge GST to individual expense accounts attached to invoices or journal entries.
10 Self Assessed Payable Clearing GL
Self Assessed Payable
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Enter the general ledger account to be affected
Tax Table Changes
The Tax Table Changes provide the facility to change tax table entries.
NOTE: Field 01-02 cannot be changed. If an error has been made in fields 01 - 02, you must delete and re-enter correctly through Tax Table Additions.
NOTE: Viewing all effective dates of a specified tax code is available. All dates pertaining to a specific tax code will be displayed. To select a date to view, use the <UP><DOWN> arrows and Enter to view all information for the selected entry.
This option only works when you are on field 02.
Tax Table Deletions
The Tax Table Deletions provide the facility to delete tax codes from the tax table.
Click delete if you wish to delete the tax code.
Click cancel to cancel deletion.
Click un-delete to un-delete/re-set the tax code if deleted in error.
If the tax code is entered but the effective date is unknown, use look up to view all effective dates of the specified tax code.
Tax Table Inquiry
The Tax Table Inquiry allows you to inquire on tax codes as set up in the tax table.
If the tax code is entered but the effective date is unknown, viewing of all effective dates is available.
Tax Table Report
The Tax Table Report prints a report of all tax codes, effective date, description, factor, compounding sequence and, for customers using the GST facility in atrieveFinance, the report also provides rebate, print/total flag, liability/receivable GL and expense GL.
Tax Table Audit
The Tax Table Audit allows you to audit changes made on tax codes as set up in the tax table.
Leaving the Tax Code field blank will audit all tax codes.
Note: This report can be exported to Excel