Edit Company Edit Tax Tables

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Edit Company - Edit - Tax Tables

You use this option to setup the different tax rates that you want throughout Micronet, such as GST, WET (Wine Equalisation Tax) tax, GST free and gift vouchers (GST free). You can then enter the table numbers for these tax types in Sales Tax/GST fields throughout Micronet, rather than entering the applicable percentage each time.

There are 10 tax table fields available in Micronet, each with its own percentage rate. Inventory items in Micronet are each assigned a tax table setting that determines whether GST should be charged during sales invoicing.

Select a company to edit.

Refer to "Selecting a Company to Edit"

Select EDIT | TAX TABLES.

Micronet displays the Enter Tax & Duty Rates screen.

Complete the following fields:

	Field	Value
	Description	Enter a description of the tax type.
	Tax %	If tax applies to the tax type, enter the percentage.
	Type	Select the type of tax rate you are creating: GST Tax – Goods and Services Tax WET Tax – Wine Equalisation Tax GST Free – GST free Gift Voucher – select this option if you are setting up gift vouchers (which are GST free).

Field

Value

Description

Enter a description of the tax type.

Tax %

If tax applies to the tax type, enter the percentage.

Type

Select the type of tax rate you are creating:

GST Tax – Goods and Services Tax
WET Tax – Wine Equalisation Tax
GST Free – GST free
Gift Voucher – select this option if you are setting up gift vouchers (which are GST free).

Technical Tip

The rate set at Tax Table 1 determines the tax percentage used to calculate GST or VAT or Tax system-wide.

Select the Ok button.

Micronet redisplays the Change Existing Company screen.

Select FILE | SAVE to save your changes.
To see your changes take effect, you need to log back in to Micronet.

Refer to "Logging in With Updated Configuration (Method 1)" or "Logging In With Updated Configuration (Method 2)".