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Contents |
The Compensating Tax Type Rates table stores current and historical tax rates for the tax districts within which district buildings are located.
Menu Path: Financial Mngmnt / A/P / Comp Tax / SEtup
On the Setup screen, highlight Tax Rates under Options.
Click the Run button. The Tax Rate Setup screen opens.
Click the Add button. The Tax Rate Maintenance screen opens.
Enter the Tax District:
In the Tax District EEL begin typing the tax district code. Select from the list.
Click the Tax District button to display a list of Tax Districts.
The Tax District Setup screen opens:
From the Tax Districts list, highlight the Tax Dist code you want to use.
Click the Select button to select the code and return to the Tax Rate Maintenance screen.
Enter the Tax Type.
In the Tax Type EEL begin typing the tax type code. Select from the list.
Click the Tax Type button to display a list of Tax Type codes:
The Tax Type Code Setup screen opens.
From the Tax Type Codes list, highlight the Tax Type you want to use.
Click the Select button to select the code and return to the Tax Rate Maintenance screen.
Enter the Effective Date of the Tax Rate.
The system looks at this date and the date on the invoice and applies the appropriate tax rate to the invoice.
HINT: Use Ctrl-T to quickly enter today’s date.
Enter the Tax Rate between .0000 and 1.0000 applicable to the tax district.
Click the OK button to save the new Tax Rate and return to the Tax Rate Setup screen
Click the Close button to return to the Setup screen.
Click the Close button to exit Comp Tax Setup.
You may edit the tax rate, if the rate entered was incorrect for the effective date of the rate. If the rate changes with a different effective date, add a new Tax Rate.
For example, the Local rate effective January 1st is .0190. It was erroneously entered at .0019. Correct the rate effective January 1st. If the Local rate changes effective April 1st, enter a new tax rate with an effective date of April 1st.
Invoices whose invoice date is between January 1st and March 31st use the rate effective January 1st. Invoices whose invoice date is April 1st onward, use the rate effective April 1st.
Menu Path: Financial Mngmnt / A/P / Comp Tax / SEtup
On the Setup screen, highlight Tax Rates under Options.
Click the Run button. The Tax Rate Setup screen opens.
From the Tax Rates list, highlight the record you want to change.
Click the Edit button. The Tax Rate Maintenance screen opens.
You can only change the Tax Rate.
Click the OK button to save the change and return to the Tax Rate Setup screen
Click the Close button to return to the Setup screen.
Click the Close button to exit Comp Tax Setup.
Menu Path: Financial Mngmnt / A/P / Comp Tax / SEtup
On the Setup screen, highlight Tax Rates under Options.
Click the Run button. The Tax Rate Setup screen opens.
From the Tax Rates list, highlight the record you want to delete.
Click the Delete button.
A Question screen opens, asking if you want to delete the record.
Click the Yes button. The tax rate is deleted and you are returned to the Tax Rate Setup screen.
Click the Close button to return to the Setup screen.
Click the Close button to exit Comp Tax Setup.
Menu Path: Financial Mngmnt / A/P / Comp Tax / SEtup
On the Setup screen, highlight Tax Rates under Options.
Click the Run button. The Tax Rate Setup screen opens.
Click the Report button. The Tax District Range for Tax Rates screen opens.
As needed, enter a low and high Tax District range. Tax district rates within this range are included on the report. If no range is set, all Tax District codes are included on the report.
Click the Print button. The Output Destination screen opens.
The system prompts you to select a print option. You can choose to print the reports to screen, to a printer, or to save the report for later viewing.
Click the OK button.
Click the Close button to return to the Setup screen.
Click the Close button to exit Comp Tax Setup.
Version 01.04.07.0 &endash; 010234 PL 060904