Sales Tax Codes

If you are going to be charging sales taxes to your customers, you need to set up some sales tax codes that describe the percentage of sales taxes that you are going to deduct from taxable items.

Code
The sales tax code. This is the code that is used to describe the sales tax percentage to be charged. The code can be up to 10 characters long. There should be a sales tax code set up for each entity for which you collect sales tax. If you only have to collect them for the state, enter one sales tax code for each state for which you collect sales taxes.

Entity
The description for this tax code. Usually, this is the name of the entity to which you must pay the sales tax.

Rate
The sales tax percentage. This is the percentage added to each sale associated with this sales tax code. This should be entered as a whole percentage. For example: 6.25% should be entered as 6.25.

Default Sales Tax Code
Check this box if this is the default sales tax code. If a code is designated as the default, it will be the code automatically entered into each invoice unless a default code has been set up for the particular customer you are invoicing.

Injection Well Fees:
If you are using the Brine Module you can setup a code to use for the "in district" and "out of district" injection well fee. If a Sales Tax Code is setup with *ID* or *OD* in the "Code" field it uses the rate specified here for the "in district" (*ID*) or out of district" (*OD*) calculation instead of the default .05 or .20. If a Sales Tax Code is not specified for *ID* or *OD* then the calculation will default to .05/unit if the "State" field on the well information window for the well is either blank or "OH", and .20/unit if the "State" field on the well information window for the well is anything other than "OH".