Tax Tables are used to define and manage how taxes are calculated based on income or revenue. Setting up tax tables correctly ensures that tax obligations are accurately applied and reflected in financial processes and reporting. This section allows users to create, edit, and maintain tax configurations within the system.
To Add a New Record:
- Go to the settings on the Gear Icon at the top right corner of the screen.
- Click on Financial Setup.
- Click on Create and Edit Tax Table Entries.
- In this window you can Edit and Create Tax Tables
- To review an existing entry, simply go to the Action column and click on the pencil icon/button.
A pop-up window will appear, once you finish editing click on Save.
- To create a new entry, simply click on the New Entry button. A pop-up window will then appear where you can input the necessary information. Once you have completed the details, click on the Save button to finalize the new entry.
- To review an existing entry, simply go to the Action column and click on the pencil icon/button.
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Financial Setup access required
Users must have access to the Financial Setup module to manage tax tables. -
Dependency on Financial Configuration
Tax tables are typically used alongside:- Revenue Codes
- Financial reporting structures
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Recommended Setup Sequence:
- Configure Revenue Codes and Categories
- Review existing Tax Tables
- Create or update Tax Table Entries
- Validate results in financial workflows
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What can be deferred:
- Advanced tax structuring for special cases
- Optional refinements to tax reporting configurations
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⚠️ Important Disclaimer:
Users are fully responsible for entering and maintaining tax table data. The Elecate Support Team is not authorized to modify or adjust tax table values.