1. Tax Processing Implementation Guide
  2. Prerequisites

Prerequisites

Before you complete the tasks in this section:

  • Verify that the processing option for the Invoice Entry MBF Processing Options program (P03B0011) is set appropriately for the service/tax date (on the Defaults tab) and for entering invoices with VAT (on the Taxes tab).

  • Verify that the processing option for the Voucher Entry MBF Processing Options program (P0400047) is set appropriately for the service/tax date (on the Defaults tab) and for entering vouchers with VAT (on the Currency tab).

  • Set up the appropriate tax AAIs.

  • Set up the appropriate tax rate/areas.

  • Set up the tax rules.

  • Select the Taxable option for the appropriate general ledger accounts.

    See Assigning Tax Information to General Ledger Accounts.