Job Information - Update Tax Exempt Reason Code

Overview:

For jobs that are 100% except from sales tax, a checkbox should be placed in the Tax Exempt field, and a Tax Except Reason Code should be listed. The combination of these two fields tells PENTA to not calculate/accrue sales taxes by default on job related purchases. This can be overridden via a Costcode Tax Rule, during purchase order setup, or during AP Invoice entry.

Benefits:

• Disable PENTA's calculation of sales tax
• Can be overridden manually during purchase order or AP invoice entry, or if you have defined costcode tax rules

Roles:

• Project Manager
• Project Coordinator

Additional Content

• N/A

Location:

• Project Management > Jobs > Job Information

Video: