Setting tax rates and tax codes

Configurations for taxation

Please follow these steps carefully to ensure that you set taxation correctly.

• Accounting > Configuration > Add Tax Config 
  :- Tax Code - Different countries varies in this aspect. Refer to your tax manual for this configuration.
  :- Tax Type

• System Admin > EMP Configuration > Tax
  :- Set branch
  :- GL code - Tax chargeable to which GL.
  :- Price on tag already include tax or not. Price - Tax = Nett is immediately charged to sales

• Inventory > Maintenance > Edit Item (For specific Item Codes)
  :- Tax Option - Select Tax Applicable or No Tax
  :- Set tax rate

• GRN / Invoice / SO / PO / CM / Sales Return / Purchase Return
  :- When creating one of these documents, when user Select Item Codes user can set Tax rate / Type / Code - which would override what is configured Inventory > Maintenance > Edit Item.

After creating the documents, check the calculation and printed documents. Don't forget the GL also Accounting > GL Listing (follow the GL you set in System Admin).