Adding a Tax

The taxes tab lists non-premium charges that can be added to a client invoice / transaction.

To Add a New Tax

On the Primary menu, click ORGANIZATION.
Click the accounting > invoicing setup > taxes tab. The Tax Summary screen appears.

On the Tax Summary screen, click the [Add New] link. The Tax Detail screen appears.

In the Tax Code box, enter the name of the tax.
From the Status drop-down list box, select whether or not the tax is Active or Inactive.
In the Description box, enter the description to display on the client invoice.
From the Rate Type drop-down list box, select either % of Items Taxable or Flat to determine how the Rate number is applied.
In the Rate box, enter the rate of the tax to be applied. Enter only numerals with decimals when necessary.
From the Payee Type drop-down list box, select to whom the tax will be paid. If the payee type selected is a carrier, no entries can be made to the following Payee box. If the payee type selected is Tax authority, the following Payee box will change to a drop-down list box.

From the Payee drop-down list box, select the name of the tax authority to which the tax will be paid.
From the Rules drop-down list box, select the rounding rules to apply to the tax. No rounding rounds the result to two decimal places.
On the Tax Detail screen, click the [OK] link to add the tax details to the Tax Summary screen.