Topics: Expense Code Abbreviations
Creating Tax Codes
These codes correspond to the tax code for each expense code:
OE: Operating Expense
IC: Intangible Completion
ID: Intangible Drilling
LC: Leasehold Costs
TC: Tangible Completion
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The Expense Tax Codes are not available for selection on the Enter Bills screen. If you want to select Turnkey Participation Costs as an expense then it would have to be added as an expense code through the Expense Code screen. Otherwise, if you want a particular expense to be associated with that expense tax code you created, you would need to select the Turnkey tax code for that expense in the Expense Code screen.Top
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Understanding Expense Codes