This chapter contains the topic:
From Work Order/Service Billing Processing (G48), enter 29
From Work Order/Service Billing Setup (G4841), choose Table Information
From Table Information (G4843), choose Tax Derivation Table (P48127)
You define tax derivation rules to specify the tax information you want the system to apply to workfile transactions. If you do not use the Tax Derivation Table to set up tax rules, the system uses the tax information you specify in the work order master. If you have not specified tax information in the work order master, the system uses the information in the job master. If you have not specified tax information in the job master, the system uses the information in the customer master.
To set up tax derivation rules, you must specify the following key information:
Key type and table key
Effective date range
Object and subsidiary account ranges
When you accumulate costs or revise workfile transactions, the system applies the appropriate tax rules to each transaction based on the key information you specify for the rule.
The Tax Derivation Table applies only to the Service Billing system.
Set up the tax rates and explanation codes. See theJD Edwards World Tax Reference Guide for more information about setting up tax rates and explanation codes.
To define tax derivation rules
On Tax Derivation Table
Complete the following fields:
Key Type
Table Key
Complete the following optional fields to further define the tax rule:
Start Effective
Ending Effective
Complete the following fields to specify the account range for the rule:
Object From
Object Thru
Subsidiary From (optional)
Subsidiary Thru (optional)
Complete the following fields to specify the tax information for the rule:
Tax Rate
Tax Explanation
Field | Explanation |
---|---|
Tax Rate
(TXA1) |
A code that identifies a tax or geographic area that has common tax rates and tax distribution. You must define the tax/rate area to include the tax authorities (for example, state, county, city, rapid transit district, province, and so on) and their rates. In order for the codes to be valid, you must set them up in the Tax Rate/Area file.
Form-specific information You can specify a specific Tax Rate/Area or use one of the following values: *CC – Use the Tax Rate/Area and Tax Explanation Code from the Business Unit *WO – Use the Tax Rate/Area and Tax Explanation Code from the Work Order |
Tax Expl Code
(EXR1) |
A user defined code (00/EX) that controls how a tax is assessed and distributed to the G/L revenue and expense accounts. |
Figure 24-2 Tax Derivation Table Listing report