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Canadian New Features in Release 11

Multiple Tax Distributions

In support of Goods and Services tax, Harmonized Sales Tax, Provincial tax legislation, and related rebates, MTD contains the following features:

can90000.gif Calculates and distributes more than one tax at the distribution line level in Accounts Payable

can90000.gif Support more than one rebate per Base Tax for each Tax Credit

can90000.gif Support inclusive and exclusive tax calculations for MTD Tax Groups or Simple Tax

can90000.gif User may define the Chart of Accounts Segment to be used in defining Tax Credit Code Assignments

can90000.gif Define Tax Credit Code Assignments by Range

can90000.gif Define one or more Tax Rebate Percentages and Accounts for each Tax Credit Code

can90000.gif Allows a user to enter one MTD Tax Group per invoice at the line level