Exact Globe+

Overview of tax codes

Menu path

System ➔ General ➔ Countries ➔ Tax codes

Introduction

You do not need to specify a tax amount but it is necessary to specify a tax code for the different entries that you make in your administration. The tax amount is then calculated based on the specified tax percentage for this code. In this screen, all created tax codes are displayed. From this overview, you can:

• generate reports of selected tax codes
• recode existing tax codes
• create tax codes
• modify existing tax codes, or
• delete the selected tax codes.

What version are you using?

The information in this document is applicable to product update 407 and higher. If you have versions lower than this, certain features explained here will not be applicable.

How do I generate a report?

1. In the main screen, click Report. A report will be generated displaying the details of the VAT codes.
2. Click Printer settings to setup the page, click Export to change the format and the destination of the file or click Print the print out the report.
3. Click Close to exit.

How do I recode existing tax codes?

1. In the main screen, select the required VAT code and its details.
2. Click Recode.
3. The message “This process may take some time. Continue?” will be displayed.
4. Click Yes to continue or No to cancel.

How do I create tax codes?

1. In the main screen, click New. The VAT codes screen will be displayed.
2. Define the relevant fields.
3. Click Save.

Keep in mind: Fields with the “!” icon are mandatory.

How do I edit existing tax codes?

1. In the main screen, define the search criteria or select the required VAT code.
2. Click Open. The VAT codes screen will be displayed.
3. Make the required changes on the relevant fields.
4. Click Save.
5. Click Close to exit.

Keep in mind: Fields with the “!” icon are mandatory.

How do I delete tax codes?

1. In the main screen, select the required tax code that you want to remove.
2. Click Delete.
3. The message “Depending on the size of the company, this function may take a long time because all files will be checked. Delete?” will be displayed.
4. Click Yes to proceed or No to cancel deletion.

How do I change the percentage of the tax without recoding?

1. In the main screen, select the required tax code and click VAT conversion. The VAT conversion screen will be displayed.
2. Select the check box under the Disclaimer section to enable all the sections in the screen.
3. Make the required changes accordingly and click OK.

Keep in mind: Fields with the “!” icon are mandatory.

Related documents

• Creating and maintaining tax codes
• Exact video library
• Recoding