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Purpose of Tax field in GP 2018 Purchasing-Transaction Entry

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What is the purpose of the Tax field in Transaction entry in the Purchasing module?
 
We are a primarily tax-exempt manufacturer.  For purchases that are taxable, we are taxed by the vendor. 
 
Is the intent for us to list the taxes paid to the vendor separately in the fax field (vs. rolling into the Purchases total).
 
Or, is this intended to track use tax payable?
 
Or...something else?
 
Thank you.
 
//
 
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  • Suggested answer
    David Musgrave MVP GPUG All Star Legend Moderator Profile Picture
    David Musgrave MVP ... 13,955 Most Valuable Professional on at
    Purpose of Tax field in GP 2018 Purchasing-Transaction Entry
    The Tax field is for tracking the tax paid component of the total amount on this purchase transaction.
     
    The tax is normally calculated automatically based on the Tax Schedule ID on the main window matrixed with the Tax Schedule IDs on the Tax expansion window.
     
    Depending on the country, tracking tax on purchases can be vital as you can often claim back that amount against the tax you collected, such as UK VAT and Australia and NZ GST.
     
    If you don't need to use it, then leave it blank.
     
    Regards
     
    David

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