Contract Billing
You can set up the contract billing system to use the alternate tax rate/area assignment functionality by using the following entities:
Company of business unit
Project/Job (origin of the transaction)
Customer (destination of transaction)
When you enter a contract, the system:
Checks whether the alternate tax rate/area assignment functionality is enabled for the company.
Verifies that the VAT registration number (Tax ID) exists for the origin and destination sites.
Verifies that the country codes are valid.
Retrieves the tax rate/area from the alternate tax rate/area assignment setup based on the origin and destination country codes.
This table describes how programs in the JD Edwards EnterpriseOne Contract Billing system use the alternate tax rate/area assignment functionality:
Program |
Comments |
---|---|
Contract Master Revisions (P5201) |
When you enter or modify contracts with this program, if the alternate tax rate/area assignment functionality is enabled, the system will retrieve the applicable alternate tax rate/area for the company in the contract considering the Project/Job and Customer countries. |
Contract Billing Line Details (P5202) |
This program allows you to see in detail the contract entered. You can change the Project/Job field from this application. If the alternate tax rate/area assignment functionality is enabled, the system will retrieve the applicable alternate tax rate/area for the records generated considering the project and customer countries. |