Setting Up the IGV Purchase and Sales Ledgers
Access the Tax Buckets set up form.
- Tax Rate Bucket Number
Enter the tax area that can be composed of a maximum of 5 tax rates.
- Tax Rate
Enter a number that identifies the percentage of tax that should be assessed or paid to the corresponding tax authority, based on the tax area. Enter the percentage as a whole number and not as the decimal equivalent. For example, to specify 7 percent, enter 7, not .07.
- Invoice Print Tax Bucket Number
Enter the bucket number from the Invoice, where the tax amount should be accumulated when the document is printed. Valid bucket numbers are 1 through 5.
- Tax Purchasing Column Number
Enter the column number from the purchasing report, where the tax amount should be placed when the batch process is being executed. This tax amount is not the total voucher tax amount. It is the tax amount that is associated to the tax area bucket number. Valid column numbers are: 5 through 9. These are the numbers of the purchasing report where the amounts are placed.
- Tax Sales Column Number
Enter the column number from the sales report, where the tax amount should be placed when the batch process is being executed. This tax amount is not the total voucher tax amount. It is the tax amount that is associated to the tax area bucket number. The allowed values are 1, 2 and 3.
Access the Add taxable non taxable columns set up form.
- Tax Area
Enter the tax rate area for which you set up the columns.
- Taxable Purchasing Column and Non Taxable Purchasing Column
Specify the column from the purchasing report where the voucher taxable amount or the voucher non taxable amount should be placed when the batch process is being executed. For each tax area, the suggested setup is:
Taxable Purchasing Column: 1
Non Taxable Purchasing Column: 2
- Taxable Sales Column and Non Taxable Sales Column
Specify the column from the sales report where the invoice taxable amount or invoice non taxable amount should be placed when the batch process is being executed. For each tax area, the suggested setup is:
Taxable Sales Column: 1
Non Taxable Sales Column: 2