Update Tax CodesGrendata Computer Systems
Update Tax Codes
When you choose option # E, from Utilities Menu (1), you will arrive at the following screen. This is one of the first initial records that you must set up before running the GCS Retail Management System.
The first column allows you enter any code you like that is a short code describing the tax.
The Second column is the code that determines where the tax amount on the invoice will be inserted into our "Posting Summary"
The Third column is the percentage of tax that is collected, precise to 4 decimal points.
The Fourth column is the minimum amount that the tax is collected for. For example, in Ontario, we do no collect PST on product value of $ 0.21 or less.
The Fifth and final column is used for entering calculation formulas. For the present, it is only "G". This stands for GROSS, and is the total product value of the invoice.
Although we show information under TAXES ON GOODS USED, currently our system does not make use of this feature, so you may just leave it blank