Tax Codes

Clicking the Tax Codes tab displays the Tax Codes home page where you can view a list of tax codes matching specific criteria, and perform actions such as creating tax codes. .
  • Click to open the List View drop-down menu, then select the list view you want. Using ClassicClosed In the View section, select the list view you want from the drop-down list.
  • Use to manage your list views. Using ClassicClosed Use the Create New View and Edit options to manage your list views.
  • From the list, click a record's name to go to its detail.
  • To edit a value, hover over the field until appears, then click the field. Press Enter to apply your edit, then click Save (shown below the list view). Using ClassicClosed Double-click the field, edit its value, then click Save.

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 viewsClosed Give 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 orgClosed Salesforce organization share the same tax codes.

Note:

If your Salesforce org is set up to calculate tax with Avalara AvaTax, you only need to create one tax code. Tax values calculated by Avalara replace tax values calculated internally by FinancialForce Foundations. For more information, see

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%