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Use tax subcodes

You can use tax subcodes to combine amounts from several accounts into one subtotal in your tax application. This shortens statements and eliminates detail on tax returns. Many firms use these in the Other Deductions area.
Tax subcodes will roll forward from year to year, but they will not go backwards. If you need to do a prior year tax return, you will need to add or import the tax subcodes.

Add a tax subcode

Follow these steps to add a tax subcode in Engagement Manager.
  1. In Engagement Manager, select
    Setup
    , then
    Tax codes
    .
  2. Select a
    Tax vendor
    ,
    Entity
    , and
    Tax year
    .
  3. Select the tax code you want to add the subcode to, then Add subcode
    Add subcode
    .
  4. Enter a
    Subcode
     and
    Description
    .
    • Select
      Save and add more
       if you want to add more than 1 subcode to the selected tax code.
    • Select
      Save and close
       if you're only adding 1 subcode.

Import tax subcodes

Follow these steps to import tax subcodes in Engagement Manager.
  1. Select
    Setup
    , then select
    Tax Codes
    .
  2. Select
    Import
    .
  3. Select the Excel file with the tax subcodes you want to import, then
    Next
    .
  4. Select the worksheet containing the tax subcodes.
  5. Select the
    Vendor
    ,
    Entity
    , and
    Year
     you want to import the tax subcodes to.
  6. Select how you want Engagement Manager to handle duplicate subcodes, then
    Next
    .
  7. Make any changes to define the data as necessary, then select
    Done
    .

Delete a tax subcode

Follow these steps to delete a tax subcode in Engagement Manager.
  1. In Engagement Manager, select
    Setup
    , then
    Tax codes
    .
  2. Select the tax subcode you want to delete, then
    Delete
    .
  3. Select
    Yes
     to confirm.

This article applies to:

  • Product: Engagement Manager
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