Where is the option for Florida Tax Rules in RecTrac 3.1?
Problem
In RecTrac 10.3, there was an option on the Tax Tables to 'Use Florida Tax Rules.' Is that available in RecTrac 3.1 and, if so, where is it set?
Solution
Yes. To use Florida tax rules in RecTrac 3.1, go to Module Management and select 'Florida' as your Tax Option for all applicable modules. This can be done using InLine Editing from the main Module Management DataGrid or you can update the field from within Module Update.
Notes about Florida Tax Rules
When using Florida Tax Rules, your total tax rate on your Tax Table System Code (System Code Management) must equal one of the following values below.
- 6.00
- 6.50
- 7.00
- 7.50
- 8.00
- 8.50
How you choose to divide your tax percentages is up to your department's policy. What is important to know with regard to RecTrac is that when using Florida tax rules, your Tax Table System Codes must equal one of the percentages listed above.
For example, you opt to charge 6.50% tax. You might create a Sales Tax System Code with one (1) Tax Table with a 6.5000% Tax Percentage.
OR - You might create a Sales Tax System Code with two (2) Tax Tables, one with a 5.0000% Tax Percentage and the other with a 1.5000% Tax Percentage.
OR - You might create a Sales Tax System Code with three (3) Tax Tables, the first with a 4.0000% Tax Percentage, the second with a 1.5000% Tax Percentage, and the third with a 1.0000% Tax Percentage.
OR - You might do something completely different. The important thing to note is that the total tax table percentage in each example above equals 6.5000% because the 6.5000% rate was chosen for the example.
The method RecTrac uses to tax with Florida tax rules is based on the Common Sales Tax Brackets DR-2x.pdf as listed on www.myflorida.com.
Notes: When using the Florida Sales Tax Rules, you CANNOT use the Total Price Option on your Fees (see Fee Update). In the event your total tax is greater than 8.50%, RecTrac will default to using Gross Tax. Gross Tax is calculated as: (Price x Quantity) x Tax