accpac simply accounting 9.0 Manual Do Utilizador
Chapter 3: Entering Basic Settings and Options
User Guide 3–5
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ACCPAC INTERNATIONAL, INC. Confidential
B
asic Settings
and O
p
tions
B
asic Settings
and O
p
tions
Tax: Type the name of the tax, up to 20 characters.
Tax ID Included on Forms: Type a tax ID, such as a
Canadian Business Number or U.S. state tax ID, that you are
required to include on invoices and other forms that use this
tax.
Canadian Business Number or U.S. state tax ID, that you are
required to include on invoices and other forms that use this
tax.
Exempt from This Tax: Choose Yes if your company is not
required to pay this tax.
required to pay this tax.
Is This Tax Taxable: Select Yes if this tax is subject to
another tax. In the Taxable Tax List that appears, click to add
a check mark beside each tax that is to be charged on the tax.
another tax. In the Taxable Tax List that appears, click to add
a check mark beside each tax that is to be charged on the tax.
Account to Track Tax Paid on Purchases: If you do
business in Canada, select an account to record the tax you
pay on purchases. Normally, this would be a liability
account. If you do not enter an account, the tax will be
included in the cost of the items purchased and will not
appear separately on financial reports.
business in Canada, select an account to record the tax you
pay on purchases. Normally, this would be a liability
account. If you do not enter an account, the tax will be
included in the cost of the items purchased and will not
appear separately on financial reports.
Account to Track Tax Charged on Sales: Select an
account. Normally, this would be a liability account. If you
do not enter an account, you will not be able to charge
customers this tax.
account. Normally, this would be a liability account. If you
do not enter an account, you will not be able to charge
customers this tax.
Report on Taxes: Select Yes to include this tax on the Tax
report.
report.
3. Follow the steps in the next section to set up tax codes.