Example of Date Range for IR Tax

Suppose that you want to set up date ranges for invoices that are processed in March 2005. March 1, 2005, is a Tuesday. IR taxes are due on Wednesday, so invoices processed in March of 2005 will have IR tax due on the 9th, 16th, 23rd, or 30th of the month. All invoices that are processed the first week of March (from Tuesday the 1st through Saturday the 5th) have IR tax due on the Wednesday of the following week, which is March 9. All invoices that are processed the second week of March (from Sunday the 6th through Saturday the 12th) have IR tax due on the Wednesday of the following week, which is January 16. When you set up the ranges for these weeks, you specify the date when the tax is due in the Fixed Days field on the Date Range Revision form, and you enter the first day of the week in the From Day field and the last day of the week in the To Day field.

Invoices that are processed during the last week of March 2005 have IR tax due on the first Wednesday of April, which is April 6. When you set up the date range for that week, you specify that the tax is due on the sixth day of the following month by specifying that the system add a month to the due date that is specified in the Fixed Days field.

This table shows the entry that you would make for IR taxes for invoices that are processed in March 2005:

From Day	To Day	Fixed Days	Months to Add
1	5	9	0
6	12	16	0
13	19	23	0
20	26	30	0
27	31	6	1