Setting Processing Options for JD Edwards EnterpriseOne Sales Order Management and JD Edwards EnterpriseOne Accounts Receivable Systems
The processing options for these programs that are related to tax processing must be set correctly for Australian GST compliance:
Invoice Print (R42565).
On the Print tab, set the Print Tax Summary processing option to 2 (Summarize taxes by area) to print GST information on the sales invoice to comply with GST requirements.
Speed Invoice Entry (P03B11SI)
On the Display tab, set the Sales/Use/VAT Tax Processing and Service/Tax Date Entry options to 1 to activate GST processing.
Standard Invoice Entry (P03B11)
On the Display tab, leave the Tax Information option blank to activate GST processing.
Invoice Entry MBF Processing Options (P03B0011)
On the Defaults tab, the Service/Tax Date Option processing option determines which date the system uses as the effective date for the tax area. This date is normally the date of the invoice (value 1).
On the Taxes tab, set the VAT on Foreign Transactions processing option to 1 (Allow VAT on foreign transactions).
Post Invoices to GL (R09801)
On the Taxes tab, set the processing options as follows to track GST in the F0018 table that is apportioned between the invoice amount and any discounts given.
Processing Option
Value
1. Update Tax File
3 (For all Tax Explanation Codes)
2. Update VAT Discounts
2 (Update VAT, Ext Price and Taxable)
3. Update VAT Receipts and W/O
2 (Update VAT, Ext Price, and Taxable)
Post Receipts to GL (R09801)
The processing options on the Taxes tab should be activated for tax (GST) processing because the cash receipts programs can create taxable adjustments or written-off debts that generate GST entries during the post process. Also, these processing options must be activated to allow for apportionment of Output GST upon recognition of settlement discounts.
Set up the processing options on the Taxes tab as:
Processing Option
Value
1. Update Tax File
3 (For all Tax Explanation Codes)
2. Update VAT Discounts
2 (Update VAT, Ext Price and Taxable)
3. Update VAT Receipts and W/O
2 (Update VAT, Ext Price, and Taxable)