FOR PAYABLES AND ADJUSTMENTS

For Payables and Invoice Adjustment received after January 1st, 2008 which are taxed at the old GST rate of 6%, it is ALSO recommended to create a new sales tax code called GST6.

Following the directions similar to modifying the rate, except create a new tax code called GST6 and set the sale tax rate to 6.000.

Only use this tax code (GST6) when you enter a Payables invoice or have to modify or credit a Sales invoice dated prior to January 1st, 2008.

For all other cases use the GST tax code of 5%