10 August 2009

Weekly Dynamic: Tax Date on Transactions

Another nice feature that is NOT enabled by default is the ability to add a tax date to a transaction. Perhaps the nature of the transaction is that the sales tax actually belongs in the previous or next period. Wouldn't it be nice to specify a tax date instead of having to rely on the transaction date? Well you can.

In Company Setup Options (Tools->Setup->Company->Company, Options) there is check box marked "Enable Tax Date". Simply select this and hit ok.

Now a tax date field is enabled in Sales, Purchasing and other parts of the system. Attached is a sample of what the tax date looks like on a Sales Transaction.