Tax Authorities

Tax Authorities define the individual entities to which taxes are paid. Multiple Tax Authorities can be grouped into one Tax Schedule. Tax reports will define the taxes owed by Tax Authority.

Access Tax Authorities from the System Setup menu

Enter a name for the Tax Authority

Optionally Select a Tax Category

Enter a name for the Tax Authority ID

Select a GL Account where the Tax liability will be posted when the associated transaction is posted.

Enter the tax rate as a percentage. Example a rate of .025 will be entered as 2.5.

Not used at this time

Not used at this time