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Use this form to create a purchase duty abbreviation to use in the sales tax report, and select posting accounts and authority.

A purchase duty is a tax on incoming sales tax and is calculated as a percentage of the paid sales tax.

Note Note

If you want a sales tax code to be included in the purchase duty calculation, select the check box in the form.


Navigating the form

The following tables provide descriptions for the controls in this form.

Buttons

Button

Description

Define purchase duty values and date intervals.

View purchase duty transactions.

Fields

Field

Description

Enter an abbreviation for identification of the purchase duty code to be used in sales tax reports.

Enter a short description of the purchase duty code.

Select the balance account for posting the purchase duty.

Select the cost account for posting the purchase duty.

Select the account for settling the purchase duty.

Select the tax authority to receive the purchase duty.