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Tax Rates Screen

Table of Contents

Last verified with: 10.8.6.0

Tax Rates are configured in Setup / Finance / Taxes / Tax Rates

Overview #

Tax rates represent the individual tax percentages that can be attached to tax codes when native LogiSense taxation is being used. A tax rate defines the percentage that should be applied when a matching tax code is selected during billing.

Tax rates are not typically maintained here when a third-party tax integration is responsible for calculating taxes dynamically.

Prerequisites #

Note: you do not need to configure tax rates if you are using a third party tax integration (e.g. AvaTax). Charges passed to a third party solution will determine the appropriate tax rates to apply. Tax rates are only applicable when using the native LogiSense tax vendor to apply taxes.
  • General ledger codes should already exist if you want to associate a GL code with the tax rate.
  • Tax categories should already exist if you want to classify the tax rate for reporting or presentation purposes.

Tax Rates Panel #

The Tax Rates panel on the left displays the available tax rates. Selecting a tax rate loads its details on the right so you can review or update it.

Actions #

IconDescription
Deletes the tax rate if not in use
Adds a new tax rate

Edit Tax Rate Panel #

The Edit Tax Rate panel displays the selected tax rate and is where its settings are maintained.

Fields #

  • Name: The descriptive name for the tax rate.
  • Display Name: The name that can be used for presentation purposes, such as on invoices or reports.
  • Rate: The tax percentage applied by the rate.
  • GL Code: The general ledger code associated with the tax rate.
  • Tax Category: The category used to organize the tax rate.

System-Generated Rates #

Some tax rates may be system generated. When a tax rate is system generated, some of its fields may be read-only.

Guides #

Adding Tax Rates #

  • In the Tax Rates panel, click the add icon.
  • Enter the tax rate details.
  • If needed, select a GL Code and Tax Category.
  • Click Save.

Editing Tax Rates #

  • In the Tax Rates panel, select the tax rate you want to update.
  • Modify the tax-rate details as needed.
  • Click Save when you are finished.

Deleting Tax Rates #

  • In the Tax Rates panel, select the tax rate you want to delete.
  • Click the delete icon.
  • On the confirmation dialog, click Yes.