Your FuseMetrix accounts system comes pre-configured with a number of standard tax codes as detailed below:
If you wish to view a full list of tax codes in use in your company’s system, simply click on ‘Nominal Ledger’ in the left-hand menu. You will see that the menu will open so you can then click the setup option. You should now be seeing the screen titled ‘ACCOUNTS SETUP’, below which you will see a button titled ‘Setup tax codes…’ You should see a full list of current tax codes now in use within your company.
To add a new tax code, click the ‘Add’ button at the top of the tax codes page. You will be taken to a page where you may set up the following details:
If you select the option for the tax code to be included in the VAT return, the system will present it with a few more options for you to choose from
You should now be on a page titled ‘Settlement Codes’ and you will see an ‘Add >>’ button in the top left-hand corner. If you already have any settlement codes setup you will see a list below.
To add a new settlement code, click the ‘Add >>’ button at the top of the settlements code page. You will be taken to a page where you may set up the following details relating to your new settlement code:
When you have finished setting up your new tax code, simply click ‘Save’ You will now be taken back to the main tax codes page where you should see your new tax code has been added to the list.
To edit an existing tax code, click on the ‘Edit…’ button and you will be taken to a page where you may edit the any of the details relating to the tax code. When you have finished editing, simply click ‘Save’