Establishing Tax Groups
To establish tax groups, use the Charge Code Tax Group (BI_TAX_GROUP) component.
Tax groups enable you to identify tax charge information associated with individual charge codes. Tax groups are not needed if you use the PeopleSoft Billing tax tables for sales and use tax calculations.
This topic discusses how to define tax groups.
|
Page Name |
Definition Name |
Usage |
|---|---|---|
|
BI_TAX_GROUP |
Establish tax groups and take advantage of a third-party tax solution. |
Use the Tax Group page (BI_TAX_GROUP) to establish tax groups and take advantage of a third-party tax solution.
Navigation:
If you are using the supported third-party tax providers, you can define tax groups.
Taxware
If you use the Taxware product matrix, enter the Taxware product codes here. This step is not mandatory, but it reduces errors during bill entry because the table is accessed when you establish charge codes or enter bills. Be sure to enter product codes correctly; the system does not verify that the tax group is a valid Taxware product code. When you have entered the product codes, they should pass through the Taxware interface without error.
Tax groups appear as the defaults on the bill line in bill entry at the time you enter a charge code. If you do not specify tax groups, the charge code is sent with the bill line through the tax interface as the product.
Note: The Billing Interface does not display default charge code tax group information for the bill line. To enhance performance, the system does not provide any default charge code values to the Billing Interface activity.
Vertex
If you use the Vertex tax solution, enter the product exception classes here.
During tax calculation, a tax group associated with a bill line is sent through the tax interface. You create this default when you establish charge codes or enter bills. Ensure that the tax groups are entered correctly; the system does not verify that the tax groups are valid. When you have entered the tax groups, they should pass through the Vertex interface without error.
Tax groups appear as defaults on the bill line in bill entry at the time you enter a charge code. If you do not specify a tax group, the charge code is sent with the bill line.