Add Tax Codes

Before you start creating invoices and other accounting transactions in ServiceCore, you'll want to set up tax codes in your account. ServiceCore offers maximum flexibility in creating tax codes. You can create simple tax codes, or more complicated combinations featuring multiple tax agencies. Plus, you can set a default tax code in your account to make filling out accounting forms even easier.

In this article you'll learn how to create and add tax codes to your account.

Before You Start

Here are a few things to keep in mind before you begin this process:

  • You must have Manager, Admin or Owner level permission to create new tax codes
  • Tax code names, component names, and agency names must all be unique
  • Components and agency names can be re-used to create multiple combined tax codes
    • For example: The agency "Arizona Dept. of Revenue" might be used for a "Phoenix Sales Tax" code and a "Flagstaff Sales Tax" code
  • Tax rates can have up to 3 decimal places
  • You can create single or combined tax codes (made up of multiple rates)
  • When you edit a tax code, it will take effect for transactions going forward; transactions created before the edit took place will not be affected (to maintain historical accuracy)
  • Your account can only have one default tax code

How to Add Tax Codes

Follow these steps to add tax codes:

  1. Navigate to Settings > Accounting > Tax Codes
  2. Click Add Tax Code
  3. Enter a unique Tax Code Name (31 characters or less)
  4. If this will be the default tax code for your account, select the checkbox for Default Tax Code
  5. Enter a unique Component Name (for example "Arizona State Sales Tax")
  6. Enter a unique Agency Name (for example "Arizona Dept. of Revenue")
  7. Enter the Rate (up to 3 decimal places are allowed)
  8. If you need to add another component, click Add Another Component
  9. Enter unique names for component, agency, then enter the rate
  10. Continue adding components until the tax code contains all applicable items
  11. Click Add New Tax Code
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