The need for Tax product posting groups is determined by the way items are taxed. One example could be differentiated Tax, for example, 10% for food and 15% for non-food items.
To set up Tax product posting groups
In the Search box, enter Tax Product Posting Groups, and then choose the related link.
In the Tax Product Posting Groups window, enter a code in the Code field to identify the group.
In the Description field, enter a brief description of the group.
Repeat this procedure for each Tax product posting group you must set up.
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For more information about how to work with fields and columns, see Work with Data. For more information about how to find specific pages, see Search. |
See Also
Tasks
How to: Set Up Tax Business Posting GroupsHow to: Assign Tax Business Posting Groups to Customer Accounts and Vendor Accounts
How to: Assign Tax Posting Groups to General Ledger Accounts
How to: Assign Tax Product Posting Groups to Item Accounts and Resource Accounts
How to: Set Up Combinations of Tax Business Posting Groups and Tax Product Posting Groups
How to: Create a Tax Combination Setup