Revising Sales Tax Rates

Usually, it is most efficient to organize your invoices by month when you know that a sales tax code change is forthcoming. These invoices can come from A/R Draw Request, Time + Materials Transfer to AR, Work Order Transfer to AR & Complete WO, Service Contract, or Order Processing Invoices.

Before changing a default sales tax amount, post any outstanding invoices at the old tax rate, and set aside a few of your most recent invoices to enter at the new tax rate.

  1. In the Sales Tax Code Maintenance screen, select the appropriate sales tax code and enter the new sales tax percent amount.
  2. In the Customer Invoices screen, enter and update the most recent invoices at the new tax rate.
    Note:

    If you have entered but not posted the invoices at the old rate, they will not be updated to the new rate unless you change them first.