TRAVERSE Global v11.1
Tax Location Groups
Use the Tax Location Groups function to group tax locations into tax location groups, which determine sales tax rates. In Accounts Receivable, tax location groups are assigned to customers, recurring entries, ship-to addresses, and transactions. See Tax Locations for more information about tax locations.
You can also use this function to set up tax on tax. Tax on tax means that taxing authorities charge tax on the selling price of goods or services and taxes by another tax authority. When tax on tax is calculated, the first tax rate is calculated and subtotaled before the second tax rate is calculated and added for the total selling price.
Tax on tax is used primarily outside of the United States. Goods and services tax (GST) and provincial sales tax (PST) are examples of taxes that can require tax on tax capabilities. Contact your local tax authorities for more information.
- Click the New button, on the toolbar, to open a blank tax location group record.
- Enter the tax group ID in the Tax Group ID field.
- Enter a description of the new tax location group in the Description field.
- Select the reporting method for the tax location group from the Reporting Method field.
- Select the tax location ID for each tax authority level of the group from the Level field(s).
Note: Use the Tax on Level check boxes to set up tax on tax. The Tax Group Detail dialog box appears if you place a check mark in a Tax on Level check box for Levels 2 through Level 5. - Click the Save button, on the toolbar, to save the new tax location group.
Select | To |
Combined | Not print detailed tax information on invoices or reports. |
Separate | Print detailed tax information on invoices or reports. |
- Select a tax group to edit from the Tax Group ID field.
- Edit the fields as necessary.
- Click the Save button, on the toolbar, to save any changes made to the tax group.
- Select a tax group to delete from the Tax Group ID field.
- Click the Delete button, on the toolbar, to delete the selected vendor's record.
- Click Yes at the "Are you sure you want to delete selected record(s)?" prompt.