Setting up Tax Posting Setup
Tax Posting Setup: gives the ability to define tax posting group code used for sales tax, by project, task, type (resource, item, expense, resource group), and specify a start date to when the tax is effective.
When you post sales invoices that contain chargeable time entry lines, if the Tax Group code on the Resource Card for the resource on the sales invoice is blank, the system will look to this Tax Posting Setup page for the sales tax code to use for the transaction. If there is not a record set up here for that resource, an error is generated and the sales invoice will not post until a tax group code is added to either theResource Card or a record is created for that resource and project in Tax Posting Setup.
Tax Posting Setup contains the following fields:
Start Date - Specifies the date this tax should start.
Project No. - Specifies the Project to which this line applies.
Tax Code - Specifies the Task to which this line applies (may be blank).
Type - Specifies the type to which this tax should apply. Options include:
- Resource Group
Code - Specifies the Code based on the Type ( will be blank when Type is set to All).
Work Type Code - Specifies the Work Type code to which this applies (can be blank).
Tax Group Code - Specifies the standard Tax Group code.
Ship-To Code - Specifies the standard Ship-To Code for customer on the project.