Setting up Sales Taxes
A sales tax is a tax paid to a governing body for the sales of certain goods and services. If applicable, you can setup taxes in cieTrade, and apply them to shipping and brokerage worksheets.
How to Create a Sales Tax
Sales taxes are easy to add, but are done so in three stages:
| Stage | Description |
| Setup Tax Authorities | Define the region / governing body. |
| Setup Tax Rates | Define the rate of the tax (per authority). |
| Create Tax Codes | Group tax rates together to create tax codes. |
To find and manage your sales taxes, navigate to Settings > Sales Tax.
How to Setup a Tax Authority
A tax authority is the governing body and/or region of the tax.
- From the Tax Authorities subpage, click + New Tax Authorities.
- Enter the name and/or nomenclature you would like to use.
- Once you're finished, click Save.
How to Setup a Tax Rate
A tax rate is the specific amount the tax is, as well as the corresponding general ledger accounts the tax will hit.
- From the Tax Rates subpage, click + New Tax Rate.
- Enter a Tax Name and Rate.
- Select the appropriate Tax Authority.
- Select a general ledger account for Sales Taxes Received and Paid.
- Once you're finished, click Save.
How to Define a Tax Code
A tax code is the combination of applicable tax rates that can then be applied to worksheets to calculate the amount of tax.
- From the Tax Codes subpage, click + New Tax Code.
- Enter a name and description for the Tax Code.
- Select the associated tax rate(s). A maximum of three tax rates can be selected.
- Once you're finished, click Save.
You're done! Once a tax code is saved, you can begin using it.
Additional Information
How to Delete a Tax Authority/Rate/Code
Tax Authorities, Rates, and Codes can be removed from the system by clicking the trashcan icon that appears upon hovering over them.
NOTE: You cannot remove a tax code or the corresponding rates/authorities if it's been used elsewhere in the system.
How to Use Tax Codes
For more information on using tax codes, please see our helpfile here.
How to Make Tax Adjustments
For more information on tax adjustments, please see our helpfile here.
If you have additional questions, please contact the Support Team via email to support@cietrade.net