Setting Up Taxes and Fees

The Taxes and Fees window allows you to create tax and fee shortcuts you can choose when you are entering a new deal. The data you enter on this screen will be used to pre-fill other fields with the appropriate numbers when setting up and processing deals. Instead of entering the tax rate and fees separately on each screen, you simply choose a fee schedule that you set up here.

To access the Taxes and Fees window, click on the Maintenance menu and select State Fee Schedules from the pull-down menu.

The software will then display the Taxes and Fees window. In the the top-left of the window is a listing of all available fee schedules from which you can choose. Clicking and highlighting one of these fee schedules will select that schedule and display the associated fees in the lower portion of the screen. From this point, you can delete a fee schedule, add a new fee schedule, or edit an existing one.

The window also contains three sections: Taxation Rules, Default Fees, and Default Financing.

Deleting a fee schedule from the listing

To delete a fee schedule from the list, hightlight and select a fee schedule and click the Delete Schedule button.

Adding a fee schedule to the listing

To add a new fee schedule to the list, click the Add Schedule button. The program will display a new window asking for a new name to describe the fee schedule to be added. This new name will appear in the listing at the top-left of the window.

Once a new fee schedule has been created and named, you can fill in the taxes and fees for later use to simplify your deal processing.

In the Taxation Rules section, you can enter data into the following fields:

• State: Click on the down arrow to view a pull-down list of state abbreviations. Select the state appropriate for your dealership.
• Tax Rate: Enter your state's tax rate as a percentage.
• Lease Tax Rate: Enter your state's lease tax rate as a percentage.
• Warr Tax Rate: Enter a warranty tax rate.
• Local Rate: Enter your local municipality's tax rate as a percentage.

In the Default Fees section, you can enter data into the following fields:

• Transfer: Enter the total of all applicable transfer fees.
• Plate Reg: Enter the total of all applicable plate registration fees.
• Title: Enter the total of all applicable title fees.
• Notary: Enter the total of all applicable notary fees.
• Doc (non-txbl): Enter the total of all applicable documentation fees which are non-taxable.
• Doc (txbl): Enter the total of all applicable documentation fees which are taxable.
• Temp Reg Fee: Enter the total of all applicable temporary registration fees.

Note: Other fees may be available depending on your dealership's state. The example fees listed above come from a fee schedule set up for a Pennsylvania car dealer.

In the Default Financing section, leave all selections as set up by the program unless instructed otherwise by Friday Sytems, Inc. support staff.