In AccountEdge, you can choose from three tax types:
This tax type is used for taxes that are made up of two or more tax codes or sub-taxes. You would use this code if, for example, the 8% tax rate you record on sales is the combined total of a 5% state sales tax rate and a 3% city sales tax rate.
This tax type should be used by importers bringing goods into the United States from other countries. Tax codes with this type are used to record the import duty payable on a purchase without changing the total amount of the purchase.
This tax type is associated with the tax recorded on sales and purchases of goods and services.
Before you can accurately track tax amounts on sales and purchases, you must set up tax codes that represent the tax rates your company uses. You can create as many tax codes as you like. If a tax rate changes or if you wish to link a tax code to a different account, you can change the tax code information. A tax code can be deleted only if it's not in use on a sale, purchase or check transaction.