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  • How Expense Tax Codes Work

    What is the connection between the Expense Tax Codes (Maintain Menu), and the Well Expenses by Tax Code Report (Reports>Well Reports)? I have Tax Codes identified in the Expense Tax Codes list, but they don't match the headers on the report, and nothing comes into the specific categories on the report (for example, all the costs are lumped under Miscellaneous; there are none under Tangible or Intangible).

    The tax codes allow you to group expense categories by tax types. You define the tax codes in the tax codes file and then in the AFE/Expense Categories, you tab each category with the given tax code. The Expenses by tax code report only groups by the major tax code categories. It won't report on your defined codes that differ from Intangible, Tangible, etc.

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