Bill Segment Financial Transactions Are Not Affected By Cash Accounting
There are NO changes to rate calculation associated with cash accounting. This is because the rate components that calculate tax reference the HOLDING payable distribution codes.
Note:
Prepaid taxes - future functionality. If your organization
allows customers to prepay taxes in anticipation of a future tax increase
(the customers receive the lower rate if they pay in advance), please
speak to your account manager for information about when corresponding
functionality will be available.