*
Concepts
*
Settings
 

Selecting a Locality and Default Taxes for a Site

When you select a site’s locality, the system uses this information to determine which taxes apply to supplier resources (using the policy settings on each tax). When you select default federal, state, and local taxes for a site, users can quickly add or remove these taxes on a purchase order or invoice line using the Add or Remove tax methods.
Note: The default taxes are not prompted on supplier resources or purchase order lines. Prompting is determined by the policy settings on each tax.
This topic explains how to assign a locality and default taxes to a site.

To Select a Site’s Default Taxes

1.
From the Site window, select the Administration menu and then Accounting Settings. The Accounting Settings dialog appears.
2.
On the Taxes tab, in the Site tax locality area, select the site’s Locality from the list.
3.
Set the Default tax rates:
Setting Name
Description
Federal tax
The default federal tax for this site. This setting allows users to quickly add or remove this tax on purchase order or invoice lines.
Note: Default taxes are not prompted on supplier resources, purchase order lines, or invoice lines. Prompting is determined by the policy settings on each tax.
State or provincial tax
The default state or provincial tax for this site. This setting allows users to quickly add or remove this tax on purchase order or invoice lines.
Note: Default taxes are not prompted on supplier resources, purchase order lines, or invoice lines. Prompting is determined by the policy settings on each tax.
Local tax
The default local tax for this site. This setting allows users to quickly add or remove this tax on purchase order or invoice lines.
Note: Default taxes are not prompted on supplier resources, purchase order lines, or invoice lines. Prompting is determined by the policy settings on each tax.
Federal tax rate for service acknowledgments
The rate used for federal taxes on services additional costs. You can select any tax rate included in the site’s default federal tax.
When you acknowledge a purchased service, you can enter that there were charges in addition to the hourly rate for the service (such as for additional materials). The tax rate selected here is applied when an invoice is created for the service.
Note: Taxes can have multiple tax rates. This setting does not affect the default tax rate for the site’s default federal tax.
State or provincial tax rate for service acknowledgments
The rate used for state or provincial taxes on services additional costs. You can select any tax rate included in the site’s default state or provincial tax.
When you acknowledge a purchased service, you can enter that there were charges in addition to the hourly rate for the service (such as for additional materials). The tax rate selected here is applied when an invoice is created for the service.
Note: Taxes can have multiple tax rates. This setting does not affect the default tax rate for the site’s default state or provincial tax.
Local tax rate for service acknowledgments
The rate used for local taxes on services additional costs. You can select any tax rate included in the site’s default local tax.
When you acknowledge a purchased service, you can enter that there were charges additional to the hourly rate for the service (e.g. for additional materials). The tax rate selected here is applied when an invoice is created for the service.
Note: Taxes can have multiple tax rates. This setting does not affect the default tax rate for the site’s default local tax.
4.
When you are finished, click OK to close the Accounting Settings dialog.