Preferences: Taxes
TimeCache lets you designate up to three different taxes that can
be applied individually to any entry. You can set or change the
rates and terms used for any of them in this TimeCache Preferences
setting panel.
Tax 1-
Rate: Enter the percentage to multiply
taxable entries by. Enter the amount as the actual percentage that
should be added. For example, if your local tax rate is 6.3%, enter
"6.3" in this text entry box.
Name: Enter the name to use on-screen
and in reports.
Tax 2 and Tax
3 are activated if the previous tax category has been given
a rate higher than 0. In other words, you cannot enter a Tax 2
category until you have created a Tax 1 category, and Tax 3
requires there being a Tax 2 category. You enter the names and
rates for Tax 2 and Tax 3 in the same fashion as for Tax 1.
Make taxes cumulative: When checked,
TimeCache applies the Tax 2 percentage to an entry's net or
marked-up amount (see below) plus its Tax 1 charge (if it has been
applied to the entry). It applies the Tax 3 percentage to an
entry's net or marked-up amount plus its Tax 1 charge (if applied)
and its Tax 2 charge (if applied). If this option is left
unchecked, taxes are applied only to the net or marked-up
amount.
Apply taxes to: Choose whether to apply
taxes to net charges (without markups), or marked-up charges. All
taxes added to an entry are calculated based on this setting.
Update Job Sheets: Clicking this button
applies any changes you make to tax rates or how to apply them, to
existing Job Sheet entries. It applies all changes you have made to
all entries that have taxes applied to them. It does not apply
taxes to existing Job Sheet entries. If you do not update Job
Sheets with this button, their tax rates will remain as originally
entered unless you make other changes to those individual
entries.
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