Exercise - Set up sales tax authorities

  • 4 minutes

In this exercise, you will set up sales tax authorities.

  1. Go to Tax > Indirect taxes > Sales tax > Sales tax authorities.
  2. Select New in the Action Pane.
  3. In the Authority field, type a value.
  4. In the Name field, type a value.
  5. In the Vendor account field, select the drop-down button to open the lookup.
  6. In the list, find and select the desired record.
  7. Select the report layout for your country or region, if one is available. If the report layouts do not correspond to the requirements of the sales tax authority, use Default layout.
  8. Enter values in the Rounding form and Round-off fields to specify how the tax total amount to be paid should be rounded. Any rounding differences will be posted to Accounts for automatic transactions that is set up in General ledger.
  9. In the Round-off field, enter a number.
  10. Select Save.