Adding Tax Jurisdictions

Overview

Adding Tax Jurisdictions will show you how to add tax jurisdictions to your software.


Topics included in this article
 

• Tax Tables
• Add/Edit Jurisdictions
• Allocate by Jurisdiction
• View on Contract
• Sales Tax Report

Here's how to get there: 
Expert: Program Menu > Configurations > Accounting Configurations > Tax Tables
Elite: Gear Icon > App Configurations >  Accounting Configurations > Tax Tables

Tax Tables
 

You must define every tax jurisdiction that your store will use. The tax table can contain up to 1000 tax jurisdictions. 
 

Add/Edit Jurisdictions


 

1. Select Add on the Tax Jurisdiction screen.
 

Tiered taxes - If you charge 8.25% tax on the first $3,000, 5.25% tax from $3001 to $5000, and 2% tax on anything up to $7,000, you would enter that in the taxable amount on the tier options. If you charge 8.25% tax on everything, just fill in the Tier 1 amounts and set the “Taxable Amount Up To” field to $999,999.

Taxing Code - This is the code that the taxing agency uses to identify that particular jurisdiction. This number is helpful since many states require you to submit your taxes using this number.

Taxing Authority - This allows you to enter a tax code for another state. You might deliver to another state and may need to enter that state's tax code.

Allocate by Jurisdiction



You can break down your overall tiered tax by different jurisdictions and track each type of jurisdiction from the Sale Tax Report.
 

Note: The total of each jurisdiction must equal the total amount of the Tiered Tax per column.
For example, if the Tier Rental tax is 8.25%, then the total tax percentage of all tax jurisdictions entered must equal 8.25%.  This can be done across one jurisdiction or multiple.

1. To add an additional jurisdiction right-click with your mouse and select Add Row. A new line will appear in the jurisdiction box.
 

2. Enter the name of your new jurisdiction. The Tier 1 Tax box will turn red. Enter the percentage amount for the jurisdiction.
 

3. Once you have added your jurisdiction the total percentage for each jurisdiction should equal the total tiered 1 tax for that column. When completed, the Tier 1 tax will change from red to blue. You will do the same for the Sales, Damage Waiver, and Road Tax.
 

Note: You will not be able to proceed any further if the new tax jurisdictions do not equal the total of your Tier 1 tax.
 

4. In the description field, enter a name for the jurisdiction. If you entered the city as the jurisdiction, the description might say Arlington 4%. Entering something in the description field will show the jurisdiction breakdown on the contract.
 

Display breakout on contract - Checking this box will also show a breakdown of jurisdiction on the contract.
 

View on Contract
 

When the Display breakout on contract box has been selected in the appropriate tax jurisdiction, the breakdown will show above the Rental Amount on the contract.
 

Note: You must check the box for "payment details" in the "sections" tab of each of the laser contract formats in order for it to display on your contracts/invoice.

How to get there:
Expert: Program Menu > Configurations > System Configurations > Laser Contract Formats
Elite: Gear icon > App Configurations > System Configurations > Laser Contract Formats

Sales Tax Report - (Tax Breakout)
 

You can see the tax jurisdiction breakout when running the sales tax report.


Here's how to get there:
Expert: Program Menu > Accounting Report > Accounting Reports Menu > Sales Tax Report
Elite: Right Menu > Sales Tax Report



 

1. Select the report's beginning and end dates.
 

2. Choose Cash or Accrual Accounting.
 

3. Select Print Jurisdiction Breakout.
 

4. Select Print Details.
 

5. From the Group 1 drop-down, select tax jurisdiction details.
 

Related articles

Sales Tax Report
Sales Tax
Tax Rate Change
EditTax Jurisdiction