Tax Code 
Tax Code
Definition
See
Tax Codes.
Use
When you create a company code using the template for the United States, the system sets up sample tax codes for the calculation procedures TAXUSJ and TAXUSX. You can either use the tax codes provided or create your own using these as samples.
Tax codes for TAXUSJ
Tax code |
Description |
S0 |
A/R Sales Tax, exempt |
S1 |
A/R Sales Tax, taxable |
I0 |
A/P Sales Tax, exempt |
I1 |
A/P Sales Tax, taxable |
U0 |
A/P Use Tax, exempt |
U1 |
A/P Use Tax, taxable |
Tax codes for TAXUSX
Tax code |
Description |
I0 |
A/P Tax Exempt |
I1 |
A/P Sales Tax |
I3 |
A/P Lease Tax |
O0 |
A/R Tax Exempt |
O1 |
A/R Sales Tax |
O2 |
A/R Service Tax |
O5 |
A/R Sales Tax (Product Code 9937299) |
U1 |
A/P Self Assessment Use Tax |