Withholding taxes are part of day to day transactions that are carried out in organizations. It is basically an income tax that an employer pays directly to the government. The deduction takes place directly from the earnings of an employee by the employer which makes the tax a liability for an individual that is paid… Read More: Introducing Withholding taxes in Sage 300 ERP »
In Tax Authority Settings of Sage 300 ERP, there is a check box ‘Allow Tax In Price’ which plays a significant role while calculating the taxes in transaction screens. This checkbox gives the user two options namely, 1. If check box is un-checked, then tax will be calculated on selling price. 2. If check box… Read More: Tax Setting – Allow Tax In Price »
Tax always has been a very vital component when it comes to executing a business. When tax components are involved into a financial transaction, not only the customers and vendors are influenced but also, the legal entities too have a governing interest towards the details of the taxes included. The entire repository related to taxes… Read More: Taxes in Sage 300 ERP »
