This chapter contains the following topics:
Section 1.1, "JD Edwards EnterpriseOne Tax Processing Overview"
Section 1.2, "JD Edwards EnterpriseOne Tax Processing Implementation"
Various tax authorities assess and collect taxes. To comply with governmental tax regulations, you must set up tax information. After you set up this information, you can:
Track taxes according to different tax rates and areas.
Assign a default tax rate to a customer or supplier.
Apply a tax rate to an entire transaction or transaction pay item.
Enter a tax amount or have the system calculate the amount.
Track tax history in a separate table.
This section presents the steps that are required to implement JD Edwards EnterpriseOne Tax Processing.
In the planning phase of the implementation, take advantage of all JD Edwards EnterpriseOne sources of information, including the installation guides and troubleshooting information.
When determining which electronic software updates (ESUs) to install for JD Edwards EnterpriseOne Tax Processing, use the EnterpriseOne and World Change Assistant. EnterpriseOne and World Change Assistant, a Java based tool, reduces the time required to search and download ESUs by 75 percent or more and enables you to install multiple ESUs at one time.
See JD Edwards EnterpriseOne Tools Software Updates Guide.
This table lists the implementation steps for JD Edwards EnterpriseOne Tax Processing:
Set up companies, fiscal date patterns, and business units.
Set up accounts and the chart of accounts.
Set up the General Accounting constants.
Set up multicurrency processing, including currency codes and exchange rates.
Set up ledger type rules.
Enter address book records.
Set up tax-related information, such as explanation codes, authorities, user-defined codes (UDCs), tax rules by company, automatic accounting instructions (AAIs), tax rate/areas, and so on.