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Chapter 10 ■ Defining Tax on Sales and Purchases
Figure 10-6. Automatic posting procedure screen for output tax
To go to the screen where you will assign the account that output taxes are posted to, select
from the Procedures section and click the Detail button on the top-left side of the
screen. The Enter Chart of Accounts dialog box pops up. Enter your chart of accounts in the Chart of
Accounts field and click the Enter button at the bottom of the screen to confirm your entry. The
Configuration Accounting Maintain: Automatic Posts Rules screen is displayed. On this screen, you can
specify posting rules for automatic posting. When you click the Save button at the top of the screen, the
Configuration Accounting Maintain: Automatic Post- Accounts screen is displayed (Figure 10-7). This is
where you assign the account for your output or sales tax code. The system calculates the tax amount based
on the percentage you assigned to your tax code and the account type and automatically posts it to the
account you assign in this activity.
Figure 10-7. Assigning the G/L account to a tax code for automatic posting
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