{"id":10421,"date":"2015-03-24T08:39:55","date_gmt":"2015-03-24T08:39:55","guid":{"rendered":"http:\/\/www.greytrix.com\/blogs\/sageaccpacerp\/?p=10421"},"modified":"2015-03-24T08:39:55","modified_gmt":"2015-03-24T08:39:55","slug":"tax-group-in-sage-300-erp","status":"publish","type":"post","link":"https:\/\/www.greytrix.com\/blogs\/sageaccpacerp\/2015\/03\/24\/tax-group-in-sage-300-erp\/","title":{"rendered":"Tax Group in sage 300 ERP"},"content":{"rendered":"

Tax always has been a very important component when it comes to executing a business. In our previous blog we had discussed about the tax rates Tax Rates in Sage 300 ERP<\/a>. Going further, after tax rates are defined, users need to set up tax groups for the tax authorities. In this blog we will discuss about the tax groups in detail.
\nTax groups are used for calculating bunch of taxes at the time of purchase and sales transactions.
\nGo to Common Services –> Tax Services –> Tax Groups
\nNew Stuff:<\/strong><\/em>\u00a0\u00a0Item wise tax calculation in Sage 300 (for Sales and purchase Transaction)<\/a>
\nUsers can define tax group for
\n\u2981 Sales
\n\u2981 Purchase
\nPlease refer the below screen for Tax Groups:
\n\"Tax<\/a>
\nImportant things about the Tax groups:\u00a0<\/strong>
\n\u2981 User can define up to five tax authorities in one tax group.
\n\u2981 Tax group currency must be the same for all tax authorities defined in the group.
\n\u2981 If your organization uses multicurrency accounting, each authority in the group must use the same \u00a0 \u00a0 \u00a0 source currency. Here, the user can define more than one group for each currency, if necessary.
\n\u2981 The position of tax authorities in the tax group is important for taxes that are taxable. If a tax is \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 taxable, the tax amount is added to the base for calculating invoice tax for all authorities lower on \u00a0 \u00a0 \u00a0 \u00a0 the \u00a0group list.
\n\u2981 When you select a tax calculation method, we recommend not to select the summary method if any \u00a0 \u00a0 authority in the group allows tax to be included in the price. The method you select applies to each \u00a0 \u00a0 \u00a0 authority in the group. If you need to calculate tax for an authority by both detail and summary, you \u00a0 \u00a0 must setup two tax groups for the same authority.
\nThis feature of sage 300 ERP will reduce time and stress.
\nAlso read:<\/strong><\/em>
\n1.Tax Rates in Sage 300 ERP<\/a>
\n2.Taxes in Sage 300 ERP<\/a>
\n3.Tax Setting \u2013 Allow Tax In Price<\/a>
\n4.Tax Calculation on the basis of Quantity in Sage 300 ERP<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Tax always has been a very important component when it comes to executing a business. In our previous blog we had discussed about the tax rates Tax Rates in Sage 300 ERP. Going further, after tax rates are defined, users need to set up tax groups for the tax authorities. In this blog we will\u2026 Read More »<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[2101,2357,2568,2792,2806,2814,2819],"class_list":["post-10421","post","type-post","status-publish","format-standard","hentry","category-sage-accpac","tag-purchase-tax","tag-sage-300-erp","tag-sales-tax","tag-surtax","tag-tax-authority","tag-tax-group","tag-tax-rates"],"yoast_head":"\nTax Group in sage 300 ERP - Sage 300 ERP \u2013 Tips, Tricks and Components<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.greytrix.com\/blogs\/sageaccpacerp\/2015\/03\/24\/tax-group-in-sage-300-erp\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tax Group in sage 300 ERP - Sage 300 ERP \u2013 Tips, Tricks and Components\" \/>\n<meta property=\"og:description\" content=\"Tax always has been a very important component when it comes to executing a business. 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