Each Company record in the CRM can store up to two sales tax
rates, which can be automatically updated on the Tax Rates page.
Overview
The Tax Rates page is a central location for managing sales tax
rates by state, both for the Sales Tax Rate and Sales Tax Rate 2
fields on the Company and other forms that may be in your system for
Quotes, Orders, Estimates, Invoices, etc.
Editing a rate on the Tax Rates page does NOT update any existing
records, but you can click the 'Update Company Records' which will
update all Companies matching the State or State Abbreviations.
Any open quotes or invoices using sales tax must be updated manually
from each record.
Please click here for general
information about using the Toolbar, Form and Fields.
Company Tax Rate Fields
Whenever a company record is saved, if either of the sales tax rate
fields are zero (0), the code will look to these tax rates and
update them. To get the latest rates, set the fields to 0, then save
the record.
Quotes, Orders, Invoices
If your system includes a Sales Department, the sales tax rates are
copied to the record from the Shipping or physical address location
when the record is created. For existing records, edit it, and click
the 'Lkup STax' button on the top of the Charges tab to get the
latest rates. Setting a rate here does NOT mean any of the line
items are taxable, it just provides the rate if one or more are.
Updating the rates with this button also updates the taxable items
on the line items, recalculating them and saving the changes
automatically.
On the Line Items dialog...
If there is no sales tax rate, click the "Lookup Rates" button to
get the latest sale tax rates, which also updates the parent record
with the latest rates. These rates are NOT applied unless the
'Taxable' checkbox is checked.
Sales Tax rates are applied to the Total Amount (including
Additional and Reduced Qty Amounts) when the Line Item is saved.
