Rice Lake TransAct 5.0 - Installation & Operation Manual - Manual (Page 54)

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Taxing Authorities
The Taxing Authority screen allows you to define the government entities that have
authority to assess taxes and the associated tax rate. Taxing authorities are used to build
tax codes.
How to Get Here
Accounting-->Taxes-->Tax Authorities
Field Descriptions
Id
A 10 character alphanumeric field containing the tax authority Id.
Description
A 30 character alphanumeric field describing the tax authority.
Rate
The amount of the tax expressed as a percentage.
Apply This Tax To
Check the charge components to which this tax will be assessed. For example, you may
want to apply this tax to material charge and not to freight.