Go to Control Panel > EMP Configurations > Tax
Tax is configured separately depending on different types.
General Tab
- Item default Tax is used when new items are added to the system. For items with different tax rate than the default / usual one, it can be edited at Edit Item
- Goods and Service Tax Abbreviation is used to make the system user friendly. User can select from the dropdown list. Or manually key in if the tax name is not available on the drop down list.
Sales (Output Tax)
- This is to set the configuration for Sales Tax. This configuration effect Sales related transactions for example, Invoice, Cashsale, Sales Return etc. If a particular branch in the system is not subject to Output Tax, it can be excluded through configuration.
- A valid default GLCode is needed to charge this output tax during the transactions.
- During the sales whether the item price keyed in by cashier is including or excluding tax can be set here as well.
- Rounding option is available to go for accuracy (higher decimal points) or be consistent with accounting (standard upto 2 decimal points)
Purchase (Input Tax)
- This is to set the configuration for Purchase Tax. This configuration effect Purchase related transactions for example, GRN, Credit Memo, Purchase Return etc. If a particular branch in the system is not subject to Input Tax, it can be excluded through configuration.
- A valid default GLCode is needed to charge this input tax during the transactions.
- If a filing method is used for the Tax which requires a different GLCode to be used to charge the Tax after filing is done. This is currently practiced in Thailand VAT.
- During the purchase whether the item price keyed in by user is including or excluding tax can be set here as well.
- Rounding option is available to go for accuracy (higher decimal points) or be consistent with accounting (standard up to 2 decimal points)
Withholding Tax (Customer)
- This refers to the tax withhold by customer during the payment (Receipt function). This is used in Thailand.
- Branches and default GLCode can be configured
Withholding Tax (Supplier)
- This refers to the tax that can be withheld during supplier payment (Payment Voucher). This is used in Thailand.
- Branches and default GLCode can be configured
