Practice CS
The firm administrator (or staff member with security permission to add and edit firm information) should set up tax areas representing state and local taxes by combining applicable taxing authorities into a single entry. You must set up taxing authorities before tax areas.
To set up a tax area:
- Choose Setup > Taxes > Tax Areas.
- Click the Add button.
- Enter a unique description in the Description field.
- In the Taxing Authority information grid, use the drop-down list to choose all appropriate taxing authorities. Enter one per line.
Note: Rate, Type, and GL Account are read-only fields.
- Click Enter to save your changes.
Related topic: Tax area setup overview
Was this article helpful?
Thank you for the feedback!
|
Get the most out of your Thomson Reuters Tax & Accounting products. Our continued learning packages will teach you how to better use the tools you already own, while earning CPE credit. Learn more. |
|
|
|
Chat - Best option for simple questions Call us at +1 800 968 0600. You might like to see our hours and menu options before calling |