Specifies tax-detail entries. A tax-detail entry includes all of the information that is used to calculate the amount of tax to be charged. Each entry represents a combination of a tax jurisdiction, tax group, tax type (sales or excise), and the date the entry goes into effect.
Example
If a business sells medical supplies in Georgia, a tax-detail entry for this business could include the following:
Tax Jurisdiction Code GEORGIA
Tax Group Code MEDICAL
Tax Type Sales Tax
Effective Date 01/01/01
You can also specify minimum and maximum quantities and dollar amounts to determine the way tax is calculated.
Important |
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You must set up tax jurisdictions and groups before you set up tax-detail entries. |