Texada SRM offers three separate tax process options as
activated from the Company Taxing
Parameters.
The prompts to define the tax information according to each method,
include:
The tax codes display in A/R Invoices, but do not influence the tax calculation or exemptions in this program. The tax codes display so that staff can see if the customer should have been charged tax, while they input the completed manual invoice. This may help to catch tax exemptions and allow staff to make corrections.
The prompts displayed for use with the standard tax processing are:
Note: In Canada, enter the GST registration # in Divisions for each division.
If the customer is exempt, type in the customer's exemption number, or the word EXEMPT in the corresponding Exempt# field, and select one of the following:
Note: A flag in the Company Contract Parameters can be set to cause any Tax 1 GST exempt products to be identified with an asterisk on the printed invoice or contract.
If the customer is exempt, type in the customer's exemption number, or the word EXEMPT in the corresponding Exempt# field, and select one of the following:
ENHANCED TAXING
The purpose of the Enhanced Tax
feature is to allow more than two tax codes to be charged and
tracked according to location, on products, services, and Damage
Waivers, and to allow for tax exemptions on any or all of these
charges.
Enhanced Tax processing can be activated from the Company Taxing Parameters.
Refer to Tax Maintenance Overview to review
the regulations determining the tax selection using the Enhanced
taxing method.
The prompts displayed for use with the Enhanced tax processing are:
If the operator has role permission to Change Tax Codes any additional tax exemptions can be entered in the Taxes and Exemptions window.
Note: Tax setup for exemptions can be maintained by product, class, customer, site, and service in the Tax Code Exemption Maintenance utility.
VERTEX TAX PROCESSING
The third-party tax software
called Vertex can be activated from the Company
Taxing Parameters.
All exemptions, and certificates information are controlled within
Vertex software.
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