Contains the tax group code that will be used when you post the entry on the journal line.

To have sales tax calculated on the journal line, a check mark must be inserted in the Tax Liable field, and Gen. Posting Type must be Sale or Purchase.

The program will then use the tax group code, in combination with the tax area code on the journal line, to determine the sales tax % and G/L accounts to which tax will be posted.

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See Also