A three-character code that for tax purposes, identifies a type of transaction. To enter valid values for the Transaction Nature code, use the
following convention: X.YY X defines the origin of the transaction (inbound or outbound). Valid values for X are:
1
Inbound, inside the
state.
2
Inbound, other states.
3
Inbound, import.
5
Outbound, inside state.
6
Outbound, other states.
7
Outbound, export.
YY defines the transaction as a
whole, such as a sales transaction.
Examples of Transaction Nature codes:
511 In-state sale
611 Out-of-state sale |
Complete this two-character field in conjunction with the Transaction Nature code to identify the complementary implications of a type of
transaction. For example, the suffix might indicate that a certain type of transaction represents a inventory change, or that a transaction is eligible
for a certain type of tax.
Valid values might include:
01
Bonus
02
Demo
03
Sample
04
Return merchandise
05
Back order
06
Donation
Examples of
Transaction Nature codes with suffixes:
511 01
In-state sale, bonus
511 05
In-state sale, back order |