Record multiple levels of taxes on invoices, either for reporting purposes or for the distribution of taxes to separate accounts

Record taxes allocated to the same account as the source taxable item

Record taxes allocated to specific tax expense accounts

Record tax rebates and/or tax credits in separate accounts from the tax charged to aid in reporting to the tax authority

Accrue and track taxes that were not charged by the supplier (self-assessed tax) in a tax account

Record the original Tax Name of the Item line and record on each Tax line created the originating Item line for audit purposes

Provide the ability to override the default Tax Credit Name for a distribution account

Define and maintain tax groups and tax distribution rules for each tax group

Define and maintain tax parameters to control MTD processing

Define and maintain the default tax credit name assignments to accounts

Define and maintain the rebate tax names assigned to Tax Credit Names