Tax Settings for Vendor Accounts

Default tax settings that have been entered for the Purchase Journal can be overridden for specific suppliers on the Trade/Tax Information view of supplier accounts.

Vendor Trade/Tax Information
Field
Description
Charges Tax1/Tax2
yes - tax on purchases is charged.
no - tax on purchases is not charged.
empty - the default setting in the Purchase Journal is used.

The Purchase Journal has a corresponding Tax1/Tax2 Charged setting for whether or not each tax is charged.

The tax setting on a vendor account has higher priority than the purchase journal so it provides the ability to override the purchase journal setting on a vendor-by-vendor basis.
Registration ID
The vendor's tax registration number for Tax1/Tax2.


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