A tax code lets you combine different sales taxes into a defined group; you can then apply the required taxes at one time. Once you have set up your tax codes, Sage Simply Accounting automatically fills in the taxes associated with a vendor or customer. This lets you apply the required taxes for a vendor or customer who is subject to several different taxes, without having to enter the taxes separately.
Which tax code is used in a transaction?
Sage Simply Accounting provides different ways to apply tax codes. You can apply a tax code to any item in a transaction, as the default for a customer or vendor, or as the default for all new customers. If there is a conflict, Sage Simply Accounting applies the first available tax code according to the following list:
Tax code assigned to a transaction item.
Default tax code for customer or vendor record.
Default tax code for new customers or vendors.