Asset records exist for the primary purpose of billing taxes.
For the asset to be billable, it needs to be linked to a tax role. The tax role is created and stays with the asset for its billable life. The base product supplies asset-based tax roles, including a specific one for real property tax roles. Refer to the C1–TaxRoleRealProperty and C1–TaxRoleAsset base business objects for more information.
The tax role’s related account and person are created for the asset/property and are not real persons or businesses. This person/account is different from the owner(s) of the property, which do get captured as persons/businesses, but are linked to the asset through ownership history records. The special account and persons (for billing purposes) can be set up using the C1–BillAssetAccount and C1–BillAssetPerson business objects that the base product provides. Refer to these business objects for more details.
The base product provides a business object for obligations linked to tax roles that are billed. Refer to the C1–BilledObligation business object for more details.
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