Configuration and Policies > Acquisition Configuration Wizards > Tax Wizard

Acquisitions Tax Wizard

Using the Acquisitions Tax wizard, the library can define the attributes of the individual taxes applied to invoices. Acquisitions Tax policies are only applied on systems configured to use the Invoice Tax features.

For more information see FAQs: Applying Invoice Taxes.

A NOTAX policy is delivered, where there is no tax rate 1, 2, or 3 specified. This policy is used when invoices are not subject to taxes.

From the List Policies window, you can create, display, modify, copy, or remove the Acquisitions Tax policies. Click Close to exit the wizard.

Attributes

The Acquisitions Tax policy contains the following attributes.

Name

This attribute uniquely identifies a specific Acquisitions Tax policy. This name is ten characters or less, and may not include spaces or punctuation, except for dash (-), underscore (_), and dollar sign ($). Additionally, the pipe character (|) may not be used.

Description

This attribute provides more information about the policy and its use by the library. The description may be up to 60 characters in length. Although the Description attribute may contain spaces and punctuation, the pipe character (|) cannot be used.

Percentage

Type the tax percentage value. This field can support up to two decimal places, such as 5.58%.

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