Working with Item Tax Options |
|
Topic: Accounting > Working with US Sales Tax Item Tax Options (ITO's) are flags indicating if a particular Line Item, on say a Sales Invoice, is taxable or not. By default salesorder.com has a single ITO which is called Taxable. You can specify as many ITO's as you wish, each has a name together with a flag to determine if it is taxable, or not taxable. For each Line Item on a Sales Document you can then select from the list of ITO's and determine if the item is taxed or not.
NOTE: You can assign a default Item Tax Option to an Item so that when an associated Line Item is placed on a Sales Document, it will automatically be assigned its default Item Tax Option.
The Item Tax Option is shown below, together with an example of its selection on a Line Item.
Item Tax Option and associated selection on Line Item
Related tasks and information |