Second Sales Tax Rate

Feature

Goldenseal accounting software version 3.4 adds the option to track two different sales taxes on your purchases and sales.

This feature is useful for users who need to collect separate Canadian GST and PST taxes, and for users in any other location that requires tracking of two different sales taxes (for example, Arizona).

Suggested By

User feature request.

How to Use

The second sales tax rate uses optional fields that you'll need to add to your data entry layouts to use this feature.

To add a second tax rate to your customer and supplier accounts, follow these steps:

1. Choose Custom Layouts from the Options menu, and choose Accounts from the submenu.
2. Locate the record layout you'd like to change.
3. Click on the Field tool (fourth row left in the tool palette on the left).
4. Drag a rectangle in the layout where you'd like the second tax rate to appear.
5. You'll see a list of optional fields. Choose Second Tax Rate, then click OK.
6. Save changes in the layout.

To add a second tax rate to your purchases and sales transactions, follow these steps:

1. Choose Custom Layouts from the Options menu, and choose Transactions from the submenu.
2. Locate the record layout you'd like to change.
3. Click on the Field tool (fourth row left in the tool palette on the left).
4. Drag a rectangle in the layout where you'd like the second tax rate to appear.
5. You'll see a list of optional fields. Choose Second Tax Rate, then click OK.
6. Repeat steps 4 and 5 for the Second Tax Amount field.

When you enter sales or purchases, Goldenseal small business accounting software will automatically fill in the second tax rate from the customer or vendor account. It will also calculate the second tax amount.

When you use the Pay Bills command to pay sales taxes due, Goldenseal will include the second tax as well as the first one.