Information needed before setting up a Tran Code within the Capital Software Property Tax Software.

Preparation is the key to a smooth tran code setup process. Before setting up your tran codes, list out the following information on paper:

1. All possible charges that normally appear on your tax bill.

2. Assign a name to each code using a format similar to Year/type like 09RP.

3. Write down the tax rate and any multiplying factors such as per 100 or per 1000.

4. Write down any specific calculation needs for your area. For example it is common in many areas to only use a portion like 20% on the actual property assessment.

5. Write down you discount rate (negative number) if applicable

6. Write down your penalty rate .10 = 10%

7. Write down your ANNUAL interest rate (1% / month = .12% / year)

8. Write down the General Ledger account numbers for the Cash, Accounts Receivable and Revenue accounts. Ask your accountant if you do not know those numbers.

9. Write down what accounts get this charge. For example is it applied to everyone or just residential property. That will help your SQL statement.