Migrated to http://wavelet.asia/customer-portal/2011/07/01/setting-tax-rates-and-tax-codes/
Configurations for taxation Please follow these steps carefully to ensure that you set taxation correctly.
- Accounting > Configuration > Add Tax Configuration
- Tax Code - Different countries varies in this aspect. Refer to your tax manual for this configuration.
- Tax Type
- System Admin > EMP Configuration > Tax
- Set branch
- GL code - Tax chargeable to which GL.
- Price on tag already include tax or not. Price - Tax = Nett is immediately charged to sales
- Inventory > Maintenance > Edit Item (For specific Item Codes)
- Tax Option - Select Tax Applicable or No Tax
- Set tax rate
- GRN / Invoice / SO / PO / CM / Sales Return / Purchase Return
- When
creating one of these documents, you need to Select Item Codes right? In
those pop-up windows, you can also set Tax rate / Type / Code - which
would override in Inventory > Maintenance > Edit Item.
After creating the documents, check the calculation and printed documents. Don't forget the GL also Accounting > GL Listing (follow the GL you set in System Admin).
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