Page History: Sales Tax Calculations on Quote/SO/Invoice
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Page Revision: Mon, 09 Feb 2009 17:33
General Information
Sales Tax is calculated according to the Tax Table of the Ship To listed on each Quote/Sales Order/Invoice line.
Tax Tables
Tax Tables are maintained in the Sales Tax 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.
