**Description This box shows a name or short description of the tax rate. You can enter up to 50 characters. See Also Rate The rate of this tax. See Also Tax type The type of the tax: Percentage or Per-unit. Percent: The tax is calculated as a percentage charged on the total cost of the purchase. Per-Unit amount: The tax is a flat rate charged on each unit of the item. See Also Per-Unit Amount The tax rate charged for each unit of this item. See Also G/L Account The GL account to which the costs of this tax are charged. If the tax paid on purchases needs to be tracked in a separate GL account, select an appropriate account here. Taxes charged to a separate account are not included in the loaded cost of resources. See Also Include in loaded cost Select this option to determine whether or not this tax rate is included in the calculation of the loaded cost of items. If the tax is not to be included in the loaded cost, the cost of the tax is charged to a separate account. Select an appropriate GL account to charge. See Also The tax is recoverable Select this option if the cost of this tax is recoverable. Recoverable taxes cannot be included in the loaded cost of a resource and are excluded from the estimated total cost on purchase requirements. APM uses the estimated total cost when selecting a preferred supplier for a purchase demand. See Also Description The description of the item. You can use this box to include any additional details.
