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Tax Parameters

The tax parameter setting lets you control your tax line behavior according to the defined conditions. The Summarize Tax Distributions check box should not be checked if you would like to see details about your tax transactions lines. This check box summarizes invoice lines by the tax type, General Ledger account, and the Tax Code according to each parent item line. By summarizing distributions, you can see fewer tax lines; however, all tax lines remain referenced to its parent item line.

Attention: An exception to this rule occurs when a Use tax is defined in a formula; summarization will not take place if the Use tax has the same account as another tax distribution line.

Allow Invoice Distribution Override lets you override the Tax Credit at the Invoice Distribution line level if it is checked. If you do not check the Allow Distribution Override check box, you cannot change the default Tax Credit code assignments. The list of values for the Tax Credit Name is not available if the override is not allowed.

The Segment Name determines which accounting flexfield segment has the segment ranges assigned to the Tax Credit Names.

Warning: You can assign only one segment for tax purposes. Once the segment is saved, you cannot change it.

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