Tax Codes

Clicking the Tax Codes tab displays the Tax Codes home page.

In the View section, select an appropriate list view from the drop-down list to go directly to that list page, or click Create New View to define your own custom list view. List views let you display a list of records that match specific criteria.
In the Recent section, select an item from the drop-down list on the right to display a brief list of the top records matching that criteria. The choices are listed in the table that follows.
From the list, you can click any Tax Code Name to go directly to its detail.
Click New to create a new tax code.
To change the owner of one or more records, select the records you want to change from the list view then click Change Owner.
To change the value of an editable field shown in the list double-click it, enter the value you want and click Save.

Recent Choice		Description
Recently Viewed		The last 10 or 25 records you viewed, with the most recently viewed item listed first. This list is derived from your recent items and includes records owned by you and other users.
Recently Created		The last 10 or 25 records you created, with the most recently created item listed first. This list only includes records owned by you.
Recently Modified		The last 10 or 25 records you updated, with the most recently updated item listed first. This list only includes records owned by you.

The Tax Codes object is a core component of FinancialForce Foundations. Other FinancialForce applications use this object and add fields, buttons and functionality to it.

Each tax code normally contains one or more tax rates. FinancialForce applications can use tax codes and tax rates to calculate tax on documents. You can create tax rates to start on different dates. You can create historic tax rates and future tax rates for any tax code.

You must create a separate tax code for each different type of tax you want to record. The tax codes you need to set up will depend on your country's legislation and how you and your customers are registered for tax purposes. Tax codes are defined at Salesforce org level.

Example Tax Codes
PA-State	Pennsylvania State Sales Tax
MA-State	Massachusetts State Sales Tax
Philadelphia-PA-City	Philadelphia City Sales Tax
Boston-MA-City	Boston City Sales Tax

The Tax Codes tab displays a home page that lets you quickly create and locate your tax codes. You can also sort and filter your tax codes using standard and custom list viewsGive you instant access to specific sets of data. In addition to using existing views, you can create custom list views for the items most relevant to you.. In addition, this tab lets you view and edit detailed information on each tax code.

All companies in a Salesforce orgSalesforce organization share the same tax codes.

Note:

If your Salesforce org is set up to use Avalara AvaTax for calculating tax, you only need to create one tax code. Tax value calculated by Avalara replace tax values calculated internally by FinancialForce Foundations. See Tax Calculation using Avalara AvaTax.

Tax Rates

The Tax Rates related list enables you to create tax rates for each tax code.

Example Tax Rates
Start Date	Rate
05/20/2011	5.000%
10/01/2010	4.500%
01/31/2010	4.750%