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Tax Code

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The Tax Codes function reflects the ability to create a new code as well as to manage the effective dates of a code and its effect on the transactions in the system.

 

Code can be used only on Input Tax or on Output Tax or on both.The Tax Percentage can be set as well as the Tax Variance Range.

 

The Tax Codes are integrated throughout the system where tax transactions are taking place.

 

The reason for this is to easily extract all the tax transactions done in the same categories as on the IRRS form for reporting purposes.

 

hmtoggle_plus1Tax Code

It is populated with all the tax codes from the Tax Code table. It displays the tax code, description and current valid tax percentage.

 

The number of characters to be entered before the list is shown is governed by the value of "populate length" (mandatory).