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How to update sales tax codes

Created on  | Last modified on 

Summary

Updating sales tax rates and/or status in Sage 50 Accounting.

Resolution

  1. Go to View and click Close All Other Sage 50 Windows.
  2. Log in as the sysadmin in Single-User mode.
  3. Go to Setup, Settings, Company, Sales Taxes, then Tax Codes.
  4. Click and update the Description line as needed.
    Sales tax window.
  5. Click the magnifying glass next to the tax code in question to open the Tax Code Details window.
  6. To set the status, click the magnifying glass beside Status.
  7. Select Taxable, Non-Taxable, or Exempt.
  8. Press OK.
  9. To change the rate, click the Rate column and update the number.
    The Rate column in the tax code details window.
  10. Click OK to exit the Tax Code Details window.
  11. Repeat the steps to update each tax code that includes the changed tax.
  12. Click OK to exit the Settings window and save changes.

Related Solutions

Change a Sales Tax Rate

Add, Modify, or Remove a Tax Code