From Fishbowl Inventory

The Tax Rate Module allows for tax rates to be created. If Sales Tax is set to be charged in the Module Options, these Tax Rate options will appear on each Sales Order.

The following functions are available through the Tax Rate Module:

• Create or modify Tax Rates
• Delete Tax Rates
• Specify whether Sales Tax is charged or not

Contents 1 Add a Tax Rate 2 Add a Tax Agency in Fishbowl 3 Track Sales Tax 4 MODULE OPTIONS

Add a Tax Rate

Choose the Accounting Module Group | Tax Rate Module. Click New from the Module Toolbar. A new blank Tax Rate will be displayed beneath the General Tab on the Main Screen.

Enter the Name, Description, Tax Type, and Tax Agency. You may also choose whether this tax rate is default or not. When choosing your Tax Agency, select the appropriate one from the drop down list. The list is populated by your list of Vendors. If your tax agency is not listed, you may add a new one by choosing <Add New> from the drop down menu. Once a Tax Agency is added to Fishbowl, they cannot be deleted. If you wish to remove a tax agency you may inactivate them, which will eliminate this agency from most searches.

Click Save in the Module Toolbar.

Add a Tax Agency in Fishbowl

Choose the Purchasing Module Group | Vendor Module. Click New from the Module Toolbar. <OR> In the Accounting Module Group | Tax Rate Module choose <Add New> from the Tax Agency drop down menu on the Main Screen.

The New Vendor Wizard will appear. In the Vendor Name field enter the Tax Agency name and then click Next. On the following screen enter the address information for the vendor and click Next. [optional] Enter the tax agency's contact name, main number, fax number, and e-mail address in this screen. Click Next.

The following screen asks for information about shipping terms. As they don't apply to Tax Agencies, leave the defaults and click Finish.

Track Sales Tax

Fishbowl allows you an easy way to track your Sales Tax so you can keep track of Taxes that need to be paid to the Tax Commission, as well as populate the chart of accounts within QuickBooks. Charging Sales Tax can be set in the Tax Rate Module Options screen.

1. Choose the Accounting Module Group | Tax Rate Module
2. Choose Tools | Module Options from the top toolbar.
3. A dialog box will be displayed asking if you charge sales tax. Select Yes or No and click Ok. You will need to restart your client for the changes to take effect.