From the course: SAP Business One: Finance and Banking

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Sales tax

Sales tax - SAP ERP Tutorial

From the course: SAP Business One: Finance and Banking

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Sales tax

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- [Instructor] SAP Business One, can set up sales tax for you. The setting up the sales tax is in set up financials tax. So let's go up there. Close this up. Administration, set up, financials, tax. Sales tax is defined by jurisdiction types. For OEC you'll find four jurisdiction types. Sales tax codes, and the codes for each of the sales tax jurisdictions. So we can go ahead and scale through some of these and you can see a bunch of them right here. I'm going to go ahead and back up here and search for California, which is CA, I can find that one. And here's the example of a sales tax code, which is CA for California. It gives me their effective rate and which accounts we're going to be going into. Now, you can also look for other codes here and make this a little more complicated. So I only have a state type here, but I may want to add multiple things so that I say that I have a particular area that also has a…

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