iVend Retail 6.6 - Management Console - Help Manual > Administration > Financials

Tax Code

The field allows the user to search the code and the description of the various tax codes set up. Tax Codes are set up in the SAP Business One and replicated in iVend. Tax code is code that represents the specifications used for calculating and displaying tax in SAP Business One.

To open the window, choose Administration > Financial > Tax Code.

Search Screen

Field	Description/Activity
Search Criteria
Code	Enter the code of the tax code to be searched.
Description	Enter the description of the tax code(s) to be searched.
Search Results
Code	Displays the code of the tax code searched.
Description	Displays the description of the tax code searched.
Rate	Displays the tax rate applicable
Subsidiary	Displays the Subsidiary of the Tax Code searched.(If Subsidiary is enabled)

Setup Screen

Field	Description/Activity
General
Code	Enter the code for the tax code. A unique code of maximum 20 alphanumeric characters can be entered.
Description	Enter the description for the tax code. A description of maximum 100 alphanumeric characters can be entered.
Rate	Enter the rate for the tax code.
Current Rate	This field is for information purpose only and represents the current rate as defined by the [Add Detail] button.
Surcharges	Check this value if the tax code is applicable as a surcharge.
Tax Exempt	Tax exempt is Tax Exempt code flag.
Tax Type	Select the tax code type. The valid values are- •Input •Output •Both
Load on Item Cost
Subsidiary	Select a Subsidiary to which the Tax code belongs from the list of Subsidiary(s). Click [...] to open the Subsidiary Search screen and select the Subsidiary. This field is available if subsidiary is enabled. Once saved the master, assigned Subsidiary cannot be changed.
Details
Start Date	Enter the Start date for the Tax code validity period.
Tax Rate	Enter the tax rate for the Tax code validity period.
[OK]	The button closes the screen.
[Cancel]	The button closes the screen.