Creating a Tax Code

To create a tax code:

  1. Click New or New Tax Code on the Tax Codes tab.
  2. Enter a Tax Code Name.
  3. [Optional] Enter a description.
  4. Click Save.
Note:

If you are using the Billing Document to Transaction integration, an equivalent accounting tax code must exist in Accounting and this field must be added to the Tax Code page layout and populated.

Adding a Tax Rate

You can create historic tax rates and future tax rates for any tax code.

Note:

You cannot set more than one tax rate for a tax code with the same start date.

To add a tax rate to a tax code:

  1. Click New Tax Rate in the Tax Rates related list of the Tax Code Detail page of the tax code for which you want to create a tax rate.
  2. Enter a Tax Rate.
  3. Enter the date from which the tax rate is to apply.
  4. Click Save.