Rice Lake TransAct 3.5 - Manual (Page 127)

Setup and Miscellaneous Rates Accounting
128 Version 3.5
To set a customer account to a Tax Exempt status, select Admin | Customer Accounts . Select the customer
then click the Accounting Info button. Place an ‘X’ in the Tax Exempt field, click the Save button.
Rate Properties
The total charge for an item can be based on a maximum of three rates. To activate a rate, enter rate
names into the
Rate 1 Name , Rate 2 Name , and Rate 3 Name fields. Our examples will use Material ,
Surcharge , and Delivery . The Material rate will be used as the base rate for each material or product in
the category list. The Surcharge rate will be used as an added charge set by the county for certain
material types. The Delivery rate will be used as an added charge for materials requiring delivery.
Figure 105. Rate Setup
Appropriate taxes are applied to each rate by checking the Tax boxes. The above figure shows that the
State and County Tax will be applied to the Material rate, the County Tax will be applied to the Surcharge
rate, and neither tax will be applied to the Delivery rate.
NOTE: If all three Rate Names are left blank, TransAct will use Rate 1 as the default and taxes will
be applied. When text is added to the Rate 1 Name field, the tax check boxes appear. Only
fields containing a name will appear on subsequent forms.
If an existing rate table is no longer needed, simply remove the ‘Rate Name’ from the table. Data in the
table does not have to be deleted before continuing. Removing the name from the Setup and
Miscellaneous Rates table will prevent the table from being used.
NOTE: The Charges report available with TransAct breaks out each tax and rate.