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.
Add a tax subcode
Follow these steps to add a tax subcode in Engagement Manager.
note
You must have Modify Tax Codes permission enabled to complete this task.
- In Engagement Manager, select the gear
Setup, thenTax codes. - Select aTax vendor,Entity, andTax year.
- Select the tax code you want to add the subcode to, then the add
Add subcode. - Enter aSubcodeandDescription.
- SelectSave and add moreif you want to add more than 1 subcode to the selected tax code.
- SelectSave and closeif you're only adding 1 subcode.
Import tax subcodes
Follow these steps to import tax subcodes in Engagement Manager.
note
You need to have Modify Tax Codes permission enabled to complete this task.
- SelectSetup , then select Tax Codes.
- SelectImport
. - Select the Excel file with the tax subcodes you want to import, thenNext.
- Select the worksheet containing the tax subcodes.
- Select theVendor,Entity, andYearyou want to import the tax subcodes to.
- Select how you want Engagement Manager to handle duplicate subcodes, thenNext.
- Make any changes to define the data as necessary, then selectDone.
Delete a tax subcode
Follow these steps to delete a tax subcode in Engagement Manager.
note
You need to have Modify Tax Codes permission enabled to complete this task.
- In Engagement Manager, selectSetup , then Tax codes.
- Select the tax subcode you want to delete, thenDelete
. - SelectYesto confirm.
