Introduction/Purpose: 

Tax classification involves categorising taxes based on characteristics for organised management. It provides a structured framework to differentiate and apply tax rules efficiently

How To Navigate: 

The navigation includes the following steps for viewing the tax classification in the Financial Accounting system

• Click on the master tab: The master can be accessed by clicking on the master tab on the side menu.

• Click on tax classification:  The tax classification can be accessed by clicking it from the tax section.

Listing:

A tax classification listing in a Financial Accounting system is a feature that provides a list of all tax classifications.

• Users can view the following information on the tax classification listing page
  • Tax code 
  • Tax Group 
  • Remark 
  • Added by 
  • Added on 
  • Updated by 
  • Updated on 
  • Status 
  • Attachment 
  • Approval status 

User can perform the following actions 

• Add new: The “Add new” function allows you to create and add a new tax classification  to the system.

• Delete: The “Delete” function allows the user to remove or permanently erase a selected entry or record from a system or database.

• Hide/Show columns: The “Hide/Show columns” function refers to the feature that allows users to selectively display or hide specific columns of data in a table or listing. 

• Export: The “Export” function allows the user to save or transfer data from a system or application to an external file format or destination.

• Search: The “Search” function or tool that allows users to look for specific records, data, or information within a system or database.

• Show all listing records: The “Show all listing” function is to display and update a list or collection of tax classifications within a system or interface.

• Print records: The “Print records” function allows users to generate physical or digital copies of the records or information displayed on the screen.

• Quick search: The “Quick Search” function is a simplified or streamlined search function that enables users to perform a rapid search for specific records or information.

Tax Classification- Recording & Update:

Add New Tax Classification : 

• Tax code: The “Tax code” refers to a unique identifier or alphanumeric representation assigned to a specific tax within a tax system.

• Default tax group: The “Default tax group” refers to the predefined or primary tax group that is automatically assigned or associated with a particular transaction or entity when no specific tax group is specified.

• Remark: The “Remark” refers to additional comments, notes, or observations related to a specific item, record, or transaction.

• Status: The “Status” refers to the current condition, state, or stage of a specific item, record, or transaction.

Users can perform the following actions 

• Submit: The “Submit” function allows the user to submit the required information while creating a new tax classification.

• Discard: The “Discard” function allows the user to cancel the submission of information provided at the time of creating a new tax classification.