15.02 Tax Codes

Root Folder > UNItekTIME Documentation > 15 Currencies and Tax

15.02 Tax Codes

Tax codes define different types of tax, that can be applied to the expense codes defined in your system.
When you add a tax code, you will be required to enter its tax formula. This formula, which is based on the net amount of the expense, determines how UNItekTIME calculates the tax.
System administrator can setup organization departments using Admin Options > Tax Codes

Adding New Tax Code:

  1. Login UNItekTIME with Admin Credentials.
  2. Navigate to Admin Options and scroll to Currencies and Tax.
  1. Click Tax Code icon.
  1. Click on the button +Add Tax Code at the top-right of the screen.
  1. In the Add Tax Code screen that appears:
    1. Enter new Tax Code name in the 1st field and the formula in the 2nd field.
    2. Click on Add Tax Code button to add a record.

Editing Tax Code:

  1. Login UNItekTIME with Admin Credentials.
  2. Navigate to Admin Options and scroll to Currencies and Tax.
  1. Click Tax Code icon.
  1. In Tax Code List, click on the gear icon on the right of the Tax code you want to edit and click Edit Tax Code option.
  1. In the Edit Tax Code screen that appears:
    1. Update your required modification in [Tax Code Information] form.
    2. Click on Update Tax Code button to update this record.

Deleting Tax Code:

  1. Login UNItekTIME with Admin Credentials.
  2. Navigate to Admin Options and scroll to Currencies and Tax.
  1. Click Tax Code icon.
  1. In Tax Code List, click on the gear icon on the right of the Tax code you want to delete.
    1. Click Delete option.
    2. Click on OK on delete confirmation dialog.
Article ID: 73, , Modified: 3/24/2021 at 3:29 AM

Share this article