Overview:
The Tax Jurisdictions & Rates window allows you to track and maintain current tax rates on all sales and use tax jurisdictions that your company does business in. Optionally within this window, you can also define postal code ranges for purposes of defaulting tax jurisdictions on jobs, work orders, purchase orders, etc., automatically via the state and postal code combination. For companies tracking sales and use tax in PENTA, it is imperative to keep your tax jurisdictions current in the system.
Benefits:
- Tracking tax jurisdictions & rates within the system allows you to calculate and accrue the correct tax to suppliers and directly to the jurisdictions
- Ability to automatically default tax jurisdictions based on state and postal codes
Roles:
- Accounts Payable Manager
Location:
- Accounts Payable > Setup >Sales & Use Tax Maintenance > Tax Jurisdictions & Rates
Video: