...
You can also have more than the standard five cost codes for service costs, by creating sub cost codes to the Other cost code. Each sub cost code can have its own tax schedule, WIP/COGS accounts, etc. This is set up via the Other Costs Setup button. For more information on how to set this up, see Extended Pricing Matrix.
| Noteinfo |
|---|
If you do not want to calculate tax for a cost category, assign a zero percent tax schedule. While marking the Exclude From Tax Calculation checkbox in the Master Tax Schedule Setup window will not calculate tax, you will receive an incorrect total sales amount in the Invoicing Tax Detail Entry window. See Microsoft Dynamics GP documentation. |
To set up the master tax schedule:
- Select Microsoft Dynamics GP > Tools > Service Management > Invoice Setup > Master Tax Schedule.
- Complete the following fields, as necessary.
- Master Tax Schedule ID
Select an existing schedule from the lookup. Tax schedules are created and maintained in Microsoft Dynamics GP. You can zoom on the Master Tax Schedule field to view tax details. - Tax Schedule ID
Assign a tax schedule to each cost category. Your selection in the Master Tax Schedule ID field defaults for each cost category. Exclude From Tax Calculation
Mark this checkbox if a cost category is tax-exempt. This option only applies to regular service invoices. To exclude taxes on contracts, we recommend that you set up a tax detail that has a 0.00% tax rate. Otherwise, you will have no details and the values of the billing amount and taxable amount of $0.00 do not show in the Microsoft Dynamics GP Tax Distribution.
- Master Tax Schedule ID
- Select Save.