Training Lab - Accounting - Create New Tax Rate

Training Lab - Accounting - Create New Tax Rate


DealerVu Training
Create New Tax Rate Lab

 
Objective(s)
At the end of this lab, you will be able to create a New Tax Rate.
 
Before you begin
You will need to be logged onto DealerVu and be on the main screen of DealerVu.
  
Exercise 1
 
In this exercise, you will learn how to create a New Tax Rate.
 
From the DealerVu main screen, follow these steps:

1. Click on System Settings;
2. Click on Tax on the options menu;
3. Click on Tax;
4. Click on the Add Item icon;
5. Type a name for the new tax rate;
6. In the Rate column, enter a rate for your new tax;
7. Determine if your new tax is a fixed rate (the same regardless of amount) or if it is a capped rate (only applies to a certain amount);
8. If this is a fixed rate, check the Fixed column check box. If it is a capped rate, enter the range that is impacted and check the box in the Capped column;
9. Then ally this tax to the appropriate items by checking the box in the columns for those items;
10. After all items have been marked, save the changes by pressing F12 or clicking on the Save icon. Then close the window.

Exercise 2

In this lab, you will assign the tax you created above to a tax group. The tax must be part of a tax group for it to be applied to any sale.

1. From the System Settings, click on Tax on the options menu;
2. Click on Tax Group;
3. Highlight the tax group that you will be adding your tax to in the top panel;
4. Find the Tax that you created in the previous lab and check the box to the left. This adds it to the Tax Group;
5. Then, save your changes by pressing F12 or clicking on the Save icon;
6. Close the Tax Group window.