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Basic Business Needs (Multiple Tax Distribution)

MTD provides you with features to satisfy the following basic business needs. You can:

can90000.gif Record multiple levels of taxes on invoices, either for reporting purposes or for the distribution of taxes to separate accounts

can90000.gif Record taxes allocated to the same account as the source taxable item

can90000.gif Record taxes allocated to specific tax expense accounts

can90000.gif Record tax rebates and/or tax credits in separate accounts from the tax charged to aid in reporting to the tax authority

can90000.gif Accrue and track taxes that were not charged by the supplier (self-assessed tax) in a tax account

can90000.gif Record the original Tax Name of the Item line and record on each Tax line created the originating Item line for audit purposes

can90000.gif Provide the ability to override the default Tax Credit Name for a distribution account

can90000.gif Define and maintain tax groups and tax distribution rules for each tax group

can90000.gif Define and maintain tax parameters to control MTD processing

can90000.gif Define and maintain the default tax credit name assignments to accounts

can90000.gif Define and maintain the rebate tax names assigned to Tax Credit Names


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