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Example 4TPS(GST), single rebate=100% and Quebec TVQ(PST), single rebate=100%

Use: When a non-recoverable portion of tax is not allocated back to the original expense item, but to a specific account

Attention: Useful for Budgetary Control without a tax effect in the expense item.

Compounding: Yes

Define Tax Name

Tax Name
Tax Type
Rate
GL Account
TPS (Offset)
Sales
0
01.000.9999.000
TVQ (Offset)
Sales
0
01.000.8888.000

Group Name: TPS/TVQ
Rebate Tax Name: TPS #1= 100
Tax Type: Sales
Rebate Tax Name: TVQ #2 = 100%
Rate: 13.955% (effective rate)


Distribution Tax Name
Use Tax
%
Rule Type
Rebate
Rebate Tax Name
Tax Num
Use Item Acct
Desc.
TPS

7
Base
X


X

TPS (Offset)


Cr

TPS
1


TPS (Receivable)


Dr

TPS
1


TVQ

6.955
Base
X


X

TVQ (Offset)


Cr

TVQ
2


TVQ (Receivable)


Dr

TVQ
2



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