This table can be used to setup any tax ceiling records that should apply when the tax is calculated on a new document, or when dates are modified on a converted or existing document.
This ceiling sets the limit on the Dollar Total on which the tax can be calculated, not the actual amount of taxes that are charged.
Note: This feature is only available when Enhanced Tax
processing is activated in the Company Taxing
Parameters.
The Tax Ceilings can be set for the relevant tax codes in Tax Codes in the "Accounts Receivable" parameters
on the Accounting tab of the Configure
System Settings.
The fields in the Tax Ceilings tables are:
Because there is no ending date tracked, the tax ceiling can be 'de-activated' by deleting this record, or by entering a second record with zero ceiling amounts on the end date.
Note: This ceiling limits the dollar total on which this tax can be calculated, not the actual amount of tax charged.
Note: If there is an Over All ceiling as well as a specific ceiling for the same tax code, the lower of the two applies.
When Tax Ceiling records are deleted or modified in Tax Codes an audit record is written to SYSDEL that can be viewed in Delete Log.
Converted from CHM to HTML with chm2web Pro 2.85 (unicode) |