From the General Ledger screen, select the Maintenance menu and then Sales Tax.
At the Sales Tax screen, click the New Record button.
Note: For any field equipped with the repeat function, click the Repeat button or press the Ctrl+R keys to repeat the previous entry for the specified field. The repeat function is only available after your initial entry.
Enter a unique ID for the sales tax in the Sales Tax ID field. The ID can be alphanumeric and up to 10 characters long (no spaces).
Note: To have the system automatically assign the ID using the first 10 characters (letters and numbers only) of the description, leave the ID field blank; once the record is saved, the ID will be assigned.
Enter the description for the sales tax in the Sales Tax Description field. The description can be up to 40 characters long.
Select the Active field to stipulate the sales tax is currently active and used by the district. A checkmark will appear in the box if the field is selected. When adding a new sales tax, the Active field is selected by default.
Complete the Sales Tax Details section to define the different rates for the sales tax. To add a rate, complete the following:
In the blank line (indicated with an asterisk) at the bottom of the Sales Tax Details List, enter the description for the rate in the Sales Tax Detail Description field (for example, State, Local, etc.). The description can be alphanumeric and up to 40 characters long.
Enter the sales tax rate in the Tax Rate field. The rate can be up to 12 digits long (including the decimal point) and will be rounded to 4 decimal places by the system if capable.
If applicable, repeat these steps until all the rates have been added for the specified sales tax.
Note: The total rate for the sales tax automatically displays at the bottom of the Sales Tax Details List.
Click the Save button.