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Create a Tax

How to Create a Tax in Muhasib ERP

Overview

This guide will help you create a tax definition with the approved rate, calculation type, and integration mapping.

The tax becomes selectable and can affect totals, postings, receipts, submissions, and tax reports.

Who can do this

You need access to Tax and Tax Add.

Before you start

Get written approval for name, rate/value, inclusive/exclusive/calculation behavior, effective date, authority/integration mapping, and GL accounts.

Before saving, check that the correct company is open and that you have permission to complete this task.

Where to find it

Back Office → Muhasib Financials/setup → Manage Tax.

Create a Tax

Step 1: Choose New Record

Step 2: Enter Short and Long Description

Step 3: Enter approved Value/rate

Step 4: Select Calculation Type

Step 5: Select Tax Integration mapping where applicable

Select Tax Integration mapping where needed.

Step 6: Save

Step 7: Assign to a disposable item and test Purchase/Sale

Check your work

Recalculate tax manually and compare and confirm invoice/purchase, Tax Report/Summary, integration response, and GL.

Take a moment to check your work before closing the window. This small check can save time later.

If something goes wrong

  • Do not change an existing tax's rate to represent a new legal period without policy review.

What to do next

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