Skip to main content

Posts

Showing posts with the label tax schedule maintenance

Setup Tax Code in Dynamics GP

There are 2 screens involve when creating new Tax Code in GP, which are Tax Details Maintenance and Tax Schedules Maintenance.  1.  Create new Tax Code Path: MSDGP > Tools > Setup > Company > Tax Details       i.   Enter the new Tax Code in [Tax Detail ID].      ii.   Enter the tax code description in [Description].      iii.  Select the Type of the tax, whether to be used in Sales or Purchases calculation.      iv.  Enter the Tax ID Number as per [Tax Detail ID]. ( Normally same as Tax Code )      v.  Select "Percent of Sale/Purchase" if the tax calculation method is exclusive method; Select "Tax Included in Item Price" if the tax calculation method is inclusive method.      vi.  Enter the percentage of the tax calculation in [Percentage].      vii.  Select " To the Nearest Currency Decimal Digit " in [Round]. Select...