Understanding the Tax Process When Using Vertex Sales Tax Q Series

The JD Edwards EnterpriseOne system calculates preliminary tax information when transactions are entered. In some cases, the taxes cannot be changed after this calculation. In some systems the final calculation is not completed until the transactions are processed. The software uses the value entered in the Tax Rate/Area field to calculate the taxes on any transaction or portion of a transaction.

When you post accounts payable and accounts receivable information to the general ledger, the system posts tax information for the Vertex Sales Tax Q Series system to the Vertex Tax Register. In some cases, you can specify the general ledger accounts to which the system posts the taxes.

When you post transactions from software suites that have already written tax records in the Vertex Tax Register, the post ignores the tax information. If you are using the JD Edwards EnterpriseOne Tax Rate/Areas program (P4008), the post will write to the F0018 table.

You can select to print tax information when you print documents for the customers.

These JD Edwards EnterpriseOne product suites can create records in the Vertex tax register:

• Financial Management.

• Logistics.

• Service Management.

• JD Edwards EnterpriseOne Contract Billing and JD Edwards EnterpriseOne Service Billing.