Taxes
Setup Taxes in RMS.
Tax Exclusive properties can setup applicable Taxes in RMS.
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Information
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Setup
- Add Button
Information
Tax Exclusive properties can setup applicable Taxes in RMS.
A number of tax calculation options are available including Per Person Percentage, Compounding Taxes, Conditional Taxes, and Per Person Subtract from Rate, Percentage, Flat Amount, Per Person Per Day or Per Person.
Each Tax can be setup as a particular Tax Class or be assigned a Tax Grouping for reporting purposes and Tax Schedules can be setup in advance to automatically adjust the tax amount calculated effective from a specific date.
Category Taxes can be setup to apply in a particular order or be determined based on another applicable tax depending on the regional requirements.
Tax Exemptions can be setup to prevent selected taxes applying in certain circumstances or as a Tax Exemption with Alternate Taxes.
Tax Exclusive Trust Accounting properties can setup Owner Income Tax.
Category & Tax are default System Labels that can be customised.
System Administrators will require Security Profile access to use this feature.
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Setup
- Add Button
Setup
Have your System Administrator complete the following.
- Go to Setup > Accounting > Taxes in RMS.
- Select the
'Add' icon. - Enter a Description.
- Select the Tax Class.
- Select a General Ledger Account Code.
- Optional: Select a Tax Grouping.
- Select the Tax Calculation options.
- Navigate to the 'Tax Types' tab.
- Select the Tax Type and enter the Tax Values.
- Navigate to the 'Properties' tab.
- Select the
'Add' icon. - Select the Properties and choose the
button. - Apply/Exit.
- Save/Exit.
Single Property databases can skip Steps 10-13.
Category & Tax are default System Labels that can be customised.
-
Guide
- Add Button
Guide
Go to Setup > Accounting > Taxes in RMS.
Select the 
'Add' icon.
Enter a Description.
Select the Tax Class.
Select a General Ledger Account Code.
Optional: Select a Tax Grouping.
Select the Tax Calculation options.
Navigate to the 'Tax Types' tab.
Select the Tax Type and enter the Tax Values.
Navigate to the 'Properties' tab.
Select the 
'Add' icon.
Select the Properties and choose the 
button.
Select 
'Apply/Exit' to store the changes made and return to the Tax setup.
Select 'Save/Exit' to store the changes made and leave the Tax setup.
This Tax will now be available to assign to a Category or Sundry Charge for the selected Properties.
Setup
Have your System Administrator complete the following.
- Go to Setup > Accounting > Taxes in RMS.
- Select the 'Add' icon.
- Enter a Description.
- Select the Tax Class.
- Select a General Ledger Account Code.
- Optional: Select a Tax Grouping.
- Select the Tax Calculation options.
- Navigate to the 'Tax Types' tab.
- Select the Tax Type and enter the Tax Values.
- Navigate to the 'Properties' tab.
- Select the 'Add' icon.
- Select the Properties and choose the button.
- Apply/Exit.
- Save/Exit.
Single Property databases can skip Steps 10-13.
Category & Tax are default System Labels that can be customised.
-
Guide
- Add Button
Guide
Go to Setup > Accounting > Taxes in RMS.
Select the 'Add' icon.
Enter a Description.
Select the Tax Class.
Select a General Ledger Account Code.
Optional: Select a Tax Grouping.
Select the Tax Calculation options.
Navigate to the 'Tax Types' tab.
Select the Tax Type and enter the Tax Values.
Navigate to the 'Properties' tab.
Select the 'Add' icon.
Select the Properties and choose the button.
Select 'Apply/Exit' to store the changes made and return to the Tax setup.
Select 'Save/Exit' to store the changes made and leave the Tax setup.
This Tax will now be available to assign to a Category or Sundry Charge for the selected Properties.