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- Set Up Tax Codes
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- This is the table of valid tax codes, their rates and descriptions. The values
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- shown are those used for the current company data.
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- ÀáCodeÀá
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- This is the code that is used to designate the tax rate being used for a particular
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- transaction. It may be any letter of the alphabet.
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- ÀáNote:Àá If you change a code (from say S to M), the change will be reflected in any
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- existing transactions.
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- ÀáGST RateÀá
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- The percentage charged on transactions for Goods & Services Tax. You may enter any
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- value between 0 and 99.999.
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- ÀáPST RateÀá
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- The percentage charged on transactions for Provincial Sales Tax. You may enter any
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- value between 0 and 99.999.
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- ÀáNote:Àá Changing the rate will not affect any transactions already created.
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- ÀáDescriptionÀá
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- The description of the related tax code.
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- ÀáPST includes GSTÀá
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- Check this box if your Provincial Sales Tax taxes GST collected.
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