Complete the Tax Setup Cycle

Complete the Tax Setup Cycle in Intacct with this final blog post that ties everything together. Tax Details The Tax Details are where you will set up the tax percentage and link the tax detail to a GL Account.  In order to create a new Tax Detail navigate to Order Entry > Setup > Tax…

Assigning Item Tax Groups

In order to assign a tax group to your items navigate to Order Entry > Setup > Items and select the item you wish to setup by clicking the ‘Edit’ text on the left of the line.  Scroll down to the Sales section of the Item Information screen and ensure you already have the Taxable…

Advanced Order Entry Customer Tax - Tax Group Info

Order Entry Advanced Tax: Part 3

Contact Tax Groups As shown on the diagram presented in Order Entry Advanced Tax:  Part 1, Customers and Contacts are required to be grouped together in Contact Tax Groups.  If you have already setup advanced taxes in Accounts Receivable, this may already be set up for you.  If not, you will need to create the…

Order Entry Advanced Tax: Part 2

Enable Expanded Tax Detail & Set GL Offset Account During the basic tax setup Enable Subtotals was turned on in each of the transaction definitions for which you wish use taxes.  Now that we are configuring advanced taxes we will need to return to each transaction definition that contain tax amounts and turn on Show…

Order Entry Advanced Tax: Part 1

Intacct’s built-in tax calculation functionality is not only a great time saving tool but it is also helpful in reducing input errors on transactions.  Understanding the mapping of various settings is an important step to setting up advanced taxes which the following overview should hopefully help with: If you have already configured the AR Advanced…