This tool allows you to create tax types/codes which can be entered on an Invoice form header as separate dollar values. These values can then be selectively spread to the items on the Details tab which are flagged as taxable for the Profit Center on the Invoice.
To create a new tax code:
Click New
Enter a unique Description/Name of the tax type.
Enter a unique code for the tax type. The code may be up to 5 characters.
Enter the tax rate percentage.
Select an existing G/L Account to which this tax type should be distributed if it is not spread to items.
Select one or more Profit Centers where this tax code is valid.
Click Finished when done to save changes.