Managing Your Tax Table

This article explains how to build and edit the tax table within our system. Your tax table allows you to configure the various tax rates that apply to your sales, including optional municipality breakdowns for more granular revenue tracking.

Building Your Tax Table

Follow these steps to create a new tax rate entry in your system:

1. Navigate to the Setup Wizard tab in the software.
2. Within the Setup Wizard, click on the Tax Table tab.
3. Click the Setup Tax Table icon.
4. Click the Insert icon to begin creating a new tax rate.
5. In the County field, enter a descriptive label for this tax rate (e.g., CA-GALT vs CA-CERES).
6. Enter the overall tax rate.
7. Select a GL Code (General Ledger Code) for this tax. For example, you might choose a code labeled "TAX."
8. Click OK to save the new tax rate entry.

Adding Municipality Breakdown (Optional)

If you need to track tax revenue at a more granular level (e.g., state, city, local), you can utilize the five additional levels provided in the system.

For each level you need, enter the corresponding label in the designated field and then enter the specific tax rate for that subsection.

Example:

Designating a Grouping Code (Optional)

If required for reporting or organization, you can enter a grouping code for the overall tax rate in the designated field. This can help you categorize and organize your tax rates for easier management and reporting.

Editing or Inactivating an Existing Tax Rate

To modify or inactivate an existing tax rate, follow these steps:

1. Go to the Tax Table within the system (following steps 1-3 from the Building Your Tax Table section above).
2. Highlight the specific tax rate you want to modify or inactivate.
3. Click the Change icon. This will open the editing window for the selected tax rate.
4. Edit Rates: Modify the overall tax rate or any of the municipality-specific rates as needed.
5. Mark as Inactive (If Applicable): If you want to stop using this tax rate but retain it in your records, check the Inactive box.
6. Click OK to save your edits.

? TIP

Marking a tax rate as inactive allows you to preserve historical data while preventing the rate from being used on new transactions. This is especially useful when tax rates change but you need to maintain accurate records for past invoices.

Was this article helpful?

Need Additional Help?

Our Customer Success team is here to assist you.

Phone: 847-405-9517 x1
Email: customer.success@alarmbills.com

Copyright © 1999–2026 Cornerstone Billing Solutions. All rights reserved.