Comp Tax Codes

Contents

1 Introduction

2 Comp Tax District Codes

3 Comp Tax Type Codes

4 Comp Tax Rates

5 Comp Tax Sites

3 Tax Type Codes | ADD | EDIT | DELETE | REPORT |

The Tax Type Codes table stores the codes and descriptions for compensating tax components. Enter as many components as needed. Examples include sales, transportation, utilities, or stadium. You can also identify the tax as a "local" tax, in other words a non-state or RTA type tax.

 

Adding a Tax Type Code

Menu Path: Financial Mngmnt / A/P / Comp Tax / SEtup

  1. On the Setup screen, highlight Tax Type Codes under Options.

  2. Click the Run button. The Tax Type Code Setup screen opens.

  3. Click the Add button. The Tax Type Code Maintenance screen opens.

  4. Enter the Tax Type code (up to ten characters).

This can be a code such as Sales or Use, Local, City, County, RTA, etc.

  1. If this is a local tax type, place a check in the Local Tax check box.

Local taxes are taxes levied by the local authority for such things as a Library, Performing Arts Center, etc. These taxes are levied by the local authority, but are collected through the Department of Revenue.

When reporting to the Dept. of Revenue, local taxes are summed together to be entered in Section III Local City and/or County Sales and Use Tax portion of the Department of Revenue Combined Excise Tax Return.

A Local Tax is identified on the Tax Type Codes list with a "yes" in the Local Tax column.

  1. Enter the Description for the code (up to 30 characters).

  2. Click the OK button to save the new record and return to the Tax Type Code Setup screen.

The new code is added to the Tax Type Codes list.

  1. Click the Close button to return to the Setup screen.

  2. Click the Close button to exit Comp Tax Setup.

 

Editing a Tax Type Code

Menu Path: Financial Mngmnt / A/P / Comp Tax / SEtup

  1. On the Setup screen, highlight Tax Type Codes under Options.

  2. Click the Run button. The Tax Type Code Setup screen opens.

  3. From the Tax Type Codes list, highlight the Tax Type code you want to change.

  4. Click the Edit button. The Tax Type Code Maintenance screen opens.

  5. You cannot change the Tax Type code.

  6. Make any changes as needed.

  7. Click the OK button to save changes and return to the Tax Type Code Setup screen.

  8. Click the Close button to return to the Setup screen.

  9. Click the Close button to exit Comp Tax Setup.

 

Deleting a Tax Type Code

Menu Path: Financial Mngmnt / A/P / Comp Tax / SEtup

  1. On the Setup screen, highlight Tax Type Codes under Options.

  2. Click the Run button. The Tax Type Code Setup screen opens.

  3. From the Tax Type Codes list, highlight the Tax Type code you want to delete.

  4. Click the Delete button.

  5. A Question screen opens asking if you want to delete the record.

  6. Click the Yes button.

NOTE: If the code is being used by a tax rate record, you cannot delete the code.

  1. The code is removed from the Tax Type Codes list.

  2. Click the Close button to return to the Setup screen.

  3. Click the Close button to exit Comp Tax Setup.

 

Tax Type Code Report

Menu Path: Financial Mngmnt / A/P / Comp Tax / SEtup

  1. On the Setup screen, highlight Tax Type Codes under Options.

  2. Click the Run button. The Tax Type Code Setup screen opens.

  3. Click the Report button. The Tax Type Code Ranges screen opens.

  4. As needed, enter low and high Tax Type code range. Tax Types within this range are included on the report. If no range is set all tax types will be included on the report.

  5. 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.

  1. Click the OK button.

  2. Click the Close button to return to the Setup screen.

  3. Click the Close button to exit Comp Tax Setup.

Version 01.04.07.0 – 010234 PL 060904

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