Page History: Sales Tax Calculations on Quote/SO/Invoice
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Page Revision: Thu, 20 Aug 2009 15:00
General Information
Sales Tax is calculated according to the
Tax Table of the Ship To listed on each Quote/Sales Order/Invoice line.
If the SOLDTO record is marked as Tax Exempt all SHIPTO children will automatically be tax exempt, regardless of the Tax Table that is selected.Tax Tables
Tax Tables are maintained in the
Tax Table Master screen.
They are composed of at least one Tax Rate. There are six different types of Tax Rates: State, County, City, Metro Transit Authority (MTA), Special Purpose District (SPD), and Other.
Companies subscribed to the ABIS Sales Tax Update Service have their Tax Tables updated on the 1st of each month.
Sales Tax Calculation
The Quote, Sales Order, and Invoice calculate sales tax per line and per jurisdiction. The tax for each jurisdiction is totaled in order to calculate the Extended Tax Amount for each line. This amount for each line is totaled in order to calculate a total sales tax amount.