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TX03.1 - Tax Rate
**Form Purpose
Use Tax Rate (TX03.1) to define tax rates and assign them to tax codes. Tax
rates are independent of your company, making it easier for you to change tax
rates in the future.
**Processing Effect
You can define several tax rates for the same tax code with different
effective dates. Effective dates determine which tax rate for the tax code
should be applied to the transaction. When you enter a transaction and apply a
tax code to it, the application compares the transaction date to the most
recent tax rate effective date on or before the transaction date to decide
which tax rate to apply.
Updated Files
TXCODEMAST - Used to validate the tax code master.
TXTAXRATE - This is the primary file maintained by this program. It
contains tax rates and their parameters.
Referenced Files
TXTAXCODE - Used in the tax code master edit routine.
TXTAXTABLE - Used in the tax code master edit routine.
TX03.2 - Category Override Tax Rates
**Form Purpose
Use Category Override Tax Rates (TX03.2) to override a tax rate by product
tax category. For example, you can set up a product tax category for a group
of items that are taxable in one state but not another, such as tobacco
products. You define an item's taxability and product tax category in the
Inventory Control application, when first adding the item.
Updated Files
TXCODEMAST - Used to validate the tax code master.
TXTAXRATE - This is the primary file maintained by this program. It
contains tax code/tax product category tax rates and their
parameters.
Referenced Files
TXTAXCODE - Used in the tax code master edit routine.
TXTAXTABLE - Used in the tax code master edit routine.
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