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Adding Tax Rates in System Maintenance
To add and modify the Tax Tables:
Go to the System Maintenance Tab.
Select Financial from the left Side Panel.
Click on the Tax Tables Icon, to open the Tax Tables Window.
Click the “Load Tax Tables” button.
Fill out the Description #1 field, this is typically listed as “Sales Tax”.
Then proceed to fill in the column information. The below fields are required:
Store - The store Number.
Tax Class - use the drop down menu to select the appropriate class, if classes are not being used default is the appropriate selection.
Start Date - When the tax rate went into effect.
Tax Rate #1 - The Sales Tax Percentage.
The additional Tax Rate Columns; Tax Rate #2, Tax Rate #3, Tax Rate #4, Tax Rate #5, are available if additional tax rates need to be reported. For example if a County Tax is collected separate from the State Sales Tax Rate. To update this information:
First Add a Description name in the next available field. Please note if a description is not filled in you will not be able to enter a tax rate.
Then add the percentage amount in the Appropriate Tax Rate Column:
If there is a Tax Rate Change DO NOT modify the existing tax rate. You will need to add an end date to the existing Tax Rate and then add a new Tax Rate.
Add an end Date in the End Date Column of the existing tax rate. The end date will be the date that the New Tax Rate goes into effect.
Create a New Tax Rate Line filling in all required fields.
IMPORTANT: The End Date of the current Tax Rate and the Start Date of the New Tax Rate should be the SAME Date.
Tax Rate Changes can be added at any time with future dates. Meaning if you are aware of an upcoming tax rate change you can prepare the changes in advance to ensure everything will be ready using the above instructions.
Once all Tax Fields are filled out appropriately Click Save or F5 on your computer keyboard to complete and save the changes.