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TX01.1 - Tax Code Master
**Form Purpose
Use Tax Code Master (TX01.1) to define tax codes to be used in various other
applications (Billing, Order Entry, Purchase Order, Accounts Receivable,
Accounts Payable, Cash Ledger, Pay to Bill, and Employee Expense).
You assign a tax type to each tax code, indicating how the tax code is to be
used. For example, a tax code can be part of a tax table, stand-alone tax
authority (can still be used in a table), or a table member (can only be used
in a tax table).
Updated Files
TXCODEMAST - This is the primary file updated by this program. It contains
the valid tax code master records and their parameters.
Referenced Files
TXTAXCODE - Used to validate no tax codes exist when deleting or changing
tax code master parameters.
TXTAXRATE - Used to validate that no tax rates exist when deleting or
changing tax code master parameters.
TXTAXTABLE - Used to validate that no tax tables exist when deleting or
changing tax code master parameters.
TX01.2 - Tax Tables
**Form Purpose
Use Tax Tables (TX01.2) to define optional tax tables for tax codes with a
tax type of T (Tax Table Code). Before you can define a tax table, you must
define tax codes using TX01.1 (Tax Code Master). Tax tables are used if you
need to apply more than one tax code to the same transaction (calculate a tax
on another tax). For each tax code, you define an effective date and decide
what the effect will be on the taxable amount for the next tax code in the
table.
**Processing Effect
When the application applies a tax table to a transaction, it uses the most
recent effective date before the transaction date to determine which tax table
to apply.
Tax tables have no tax rates assigned to them. Each member tax code has its
own rate assigned to it. You assign tax rates to tax codes using TX03.1 (Tax
Rate).
Updated Files
TXCODEMAST - Used to validate tax codes entered on the tax table.
TXTAXTABLE - This is the primary file maintained by this program. It
contains valid tax tables and their parameters.
Referenced Files
TXTAXCODE - Used in the tax code master edit routine.
TXTAXRATE - Used in the tax code master edit routine.
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