New parts entered in WebTMA automatically default to a non-taxable status but the default can be changed on the part record.
Path: Organization > Lookups > Tax Rate
The Tax Rate window accommodates the definition of two tax rates to estimate taxes on receivings and sales. Set a default tax rate used to calculate total costs on the purchase order and the purchase requisition windows. The default tax rate will automatically populate on new POs and PRs, but it can be overwritten.
When the Tax Exempt ID field is populated, the ID prints at the bottom of each printed copy of a purchase requisition or purchase order. If a Tax Exempt ID rate is entered, purchase requisitions, purchase orders, and sales orders default to a non-taxable status.
Mark the Pass Thru Rate % to apply the indicated percentage to the unit cost of an item. In WebTMA Enterprise, this can also be applied to P-Card transactions and the Invoicing module. See About Pass Thru Tax for more information.
If required, the second level tax can include the first level tax, i.e., when the Tax 2 on Tax 1 check box is marked, Tax 2 is applied to the sum of the purchase cost and the Tax 1 amount.
The Description field for both Tax 1 and Tax 2 is reflected on related Request for Quote, Receiving, and Sales Order windows. For example, if a Tax 1 description is State Tax, the estimated tax field labels will reflect Est. State Tax when that tax rate used.
The Accounts Subtab displays fields where the Account numbers reserved for Sales Tax can be linked to items that are taxed.
Mark the check boxes on the Taxable Items Subtab to specify the default item categories that are taxable when a given Tax Rate is used, such as PO, Sales Order, and Work Order Labor.
New parts entered in WebTMA automatically default to a non-taxable status but the default can be changed on the part record.