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Defining Investment Taxes

Use the Investment Taxes window to set up the investment tax calculation before you post to General Ledger. General Ledger validates all invoice lines against the rows defined in this window and places holds to prevent posting invalid tax code and Accounting Flexfield combinations on each line.

Attention: Enter all valid combinations of invoice line tax codes and Accounting Flexfields combinations for each investment tax rate.

To set up investment taxes:

Navigate to the Investment Taxes window (Norwegian Localizations: Investment Tax).

1. In the Name field, enter the tax segment name that you use in your chart of accounts.

2. In the Value field, enter the valid tax segment value that is used for the investment tax.

3. Enter the investment tax rate in the Rate field.

4. Enter a tax code for the segment value in the Tax Code field.

5. Enter the inactive date in the Inactive Date field.

6. In the Investment Tax Description field and the Account field, enter the description of the tax and account number that you are changing your investment tax to. The Account Description field is automatically filled.

7. Save your work.


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