The Tax Code field carries the tax rate and the tax accounts for accruals that the calculations are made from.
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Use the Tax Code binoculars button to perform a search of the Costpoint Sales Tax table for the appropriate values. Each tax code has a rate associated with it.
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This rate is used in the tax calculation to derive the Tax Amount.
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The Tax Code field must exist in the Sales Tax table (the Maintain Sales | Value Added Tax screen in Costpoint System Administration) to be displayed here.
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If the Taxable Code is set to N, then the Tax Code field is not allowed to be set.
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If the Taxable Code is S or U, the Tax Code field is required.