Program SPTX, Tax Code Maintenance, is used to add, delete, and maintain tax codes for your financial enterprise. These codes are used in programs throughout the system to identify tax rates. You cannot delete codes that are currently in use.
Tax codes can also be set up by zip code. To have tax computed by zip code, you must enter the tax code called ZIP in this program. Then, use program SPSX, Tax Rate Maintenance, to set up the tax rates for each zip code. Once the zip codes have been set up, the 'ZIP' tax code should be assigned to the appropriate customer and vendor records. When an order is entered for that customer or vendor, the program will see 'ZIP' as the tax code, and then use the sip code to determine the appropriate tax rate.
1. Enter the tax code.
2. Enter the tax code description.
3. Enter the tax type. The tax type is used for classification purposes for the tax code. For example, ST for State, LC for location, RG for region.
4. Enter the tax percentage.
5. Enter the distribution code, which can be either A - Account or D - Default.
* If you enter A - Account, you can enter the general ledger account number to which tax amounts will be charged in the Accounts Payable Posting Account field.
* If A - Account is selected and account is blank, tax charges will be distributed to the account entered in program APEM, Enterprise Maintenance. If no account was entered in program APEM, AP Enterprise Maintenance, the tax charge will be posted to the account assigned to the TAX post type in program GPTM, Posting Template Maintenance, for the Accounts Payable Posting Interface.
* If you enter D - Default, during voucher entry, the amount will be charged to the same account number as the item.
6. Enter the general ledger posting account, if desired.
* If the general ledger interface is active, the program does not accept account numbers not on file in program GLTM, Account Maintenance.
* If you leave the field blank, the default tax account number defined in program APEM, AP Enterprise Maintenance, will be used. If no account was entered in program APEM, AP Enterprise Maintenance, the tax charge will be posted to the account assigned to the TAX post type in program GPTM, Posting Template Maintenance, for the Accounts Payable Posting Interface.
* The account number entered here is only used in Accounts Payable transactions for the tax code.
7. Press [Commit].