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Administrator Guide
Last Updated: 2023-06-23
Set Up Transaction Tax Codes

Set Up Transaction Tax Codes

Security:
Set Up: Tax
 domain in the Common Financial Management functional area.
You can configure the transaction tax codes that you select on your transaction lines. A transaction tax code combines 1 or more transaction tax rates.
Example: You configure a tax code for the City of Los Angeles with these 3 tax rates:
  • State of California (7.25%).
  • County of Los Angeles (0.25%).
  • Central City of Los Angeles (1.5%).
When you select the City of Los Angeles tax code on a supplier invoice, Workday populates these 3 tax rates on your supplier invoice.
  1. Access the
    Maintain Transaction Tax Codes
     task.
  2. As you complete the task, consider:
    Option Description
    Transaction Tax ID Required
    Select for Workday to display the transaction tax ID on customer invoices.
    Tax Rate
    Select all the tax rates that you want Workday to populate on your transaction lines when you select this tax code.
    You can't mix third-party tax rates with other tax rates in the same tax code.