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:
- Click on System Settings;
- Click on Tax on the options menu;
- Click on Tax;
- Click on the Add Item icon;
- Type a name for the new tax rate;
- In the Rate column, enter a rate for your new tax;
- 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);
- 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;
- Then ally this tax to the appropriate items by checking the box in the columns for those items;
- 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.
- From the System Settings, click on Tax on the options menu;
- Click on Tax Group;
- Highlight the tax group that you will be adding your tax to in the top panel;
- Find the Tax that you created in the previous lab and check the box to the left. This adds it to the Tax Group;
- Then, save your changes by pressing F12 or clicking on the Save icon;
- Close the Tax Group window.
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