JD Edwards EnterpriseOne Tax Processing Overview

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.