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    Tax Setup

    Uploaded by

    Ajay Singh
    The document outlines the steps to configure taxes in an E-Business system, including: 1. Creating a tax manager responsibility and assigning it to a user. 2. Defining party tax profiles, tax regimes, statuses, rates, jurisdictions, accounts, and rules. 3. Making the configured taxes available for transactions and calculating taxes on invoices.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd

    Tax Setup

    Uploaded by

    Ajay Singh
    43 views63 pages
    The document outlines the steps to configure taxes in an E-Business system, including: 1. Creating a tax manager responsibility and assigning it to a user. 2. Defining party tax profiles, tax regimes, statuses, rates, jurisdictions, accounts, and rules. 3. Making the configured taxes available for transactions and calculating taxes on invoices.

    Original Description:

    VAT Tax Setup Document

    Original Title

    tax setup

    Copyright

    © © All Rights Reserved

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    The document outlines the steps to configure taxes in an E-Business system, including: 1. Creating a tax manager responsibility and assigning it to a user. 2. Defining party tax profiles, tax regimes, statuses, rates, jurisdictions, accounts, and rules. 3. Making the configured taxes available for transactions and calculating taxes on invoices.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    43 views63 pages

    Tax Setup

    Uploaded by

    Ajay Singh
    The document outlines the steps to configure taxes in an E-Business system, including: 1. Creating a tax manager responsibility and assigning it to a user. 2. Defining party tax profiles, tax regimes, statuses, rates, jurisdictions, accounts, and rules. 3. Making the configured taxes available for transactions and calculating taxes on invoices.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 63

    E BUSINESS TAX

    Requirements

    • Creating Tax Manager Responsibility

    • Attaching to user

    • Assigning all profile options

    • HR: BUSINESS GROUP

    • HR: SECURITY PROFILE

    • MO: SECURITY PROFILE

    • GL LEDGER NAME

    • MO: OPERATING UNIT

    . Creating party tax profile

    • Creating a Tax Regime

    • Creating a Tax

    • Creating status

    • Create a Tax Rates

    • Creating a Tax Jurisdiction

    • Creating Tax Accounts

    • Creating Tax Rules

    • Making tax Available for Transactions


    1. TO DEFINE THE TAX RESPONSIBILITY

    SWITCH RESP TO SYS ADMIN


    N----SECURITY – RESPONSIBILITY – DEFINE

    SAVE AND CLOSE

    2. ATTACH THE NEW TAX RESPONSIBILITY TO THE USER

    N---SECURITY – USER---DEFINE
    SAVE AND CLOSE

    3. Assigning all profile options

    • HR: BUSINESS GROUP

    • HR: SECURITY PROFILE


    • MO: SECURITY PROFILE

    • GL LEDGER NAME

    • MO: OPERATING UNIT

    N---SYSTEM --- PROFILE


    4. TO DEFINE PARTY TAX PROFILE

    SWITCH TO TAX RESPONSIBILITY

    N---PARTIES ---PARTY TAX PROFILES

    SEELCT GO
    SELECT CREATE TAX PROFILE
    SELECT TAX REPORTING CODE TAB
    APPLY & CLOSE

    5. TO DEFINE TAX REGIME


    N—TAX CONFIGURATION – TAX REGIME
    SELECT CREATE
    SELECT SHOW CONTROLS AND DEFAULTS

    S
    SELECT CONTINUE
    SELECT FINISH
    6. TO DEFINE TAXES
    N---TAX CONFIGURATION – TAXES

    SELECT CREATE
    SELECT SHOW CONTROLS AND DEFAULT
    SEELCT APPLY
    CLOSE

    7. TO DEFINE TAX STATUSES


    N—TAX CONFIGURATIONS---TAX STATUS

    SELECT CREATE
    SELECT APPLY
    8. TO DEFINE TAX RATES
    N---TAX CONFIGURATION – TAX RATES

    SEELCT CREATE
    SELECT RATE DETAILS
    SELECT APPLY
    SELECT APPLY
    CLOSE

    9. TO DEFINE TAX JURISDICTION

    N---TAX CONFIGURATION – TAX JURISDICTION


    SELECT CREATE
    SELECT APPLY
    CLOSE

    10. TO DEFINE TAX ACCOUNTS


    N—TAX CONFIGURATION – TAXES

    SELECT GO
    SELECT UPDATE
    SELECT TAX ACCOUNTS
    ENTER LEDGER NAME

    SELECT CREATE
    SELECT APPLY
    SELECT APPLY
    SELECT APPLY
    CLOSE
    11. TO DEFINE TAX RULES
    N---TAX CONFIGURATION – TAX RULES

    SELECT GO
    SELECT SET DEFUALT AGAINST DETERMINE PLACE OF SUPPLY
    SELECT APPLY
    SELECT SET DEFAULT AGAINST DETERMINE TAX APPLICABILITY
    SELECT APPLY
    SELECT SET DEFAULT AGAINST DETERMINE TAX REGISTRATION
    SELECT APPLY
    SELECT SETDEFAULT AGAINST DETERMINE TAXABLE BASIS
    SELECT APPLY
    SELECT SET DEFAULT AGAISNT CALCULATE TAX AMOUNTS
    SELECT APPLY

    CLOSE
    12. MAKING TAX AVAILABLE FOR TRANSACTION

    N---TAX CONFIGURATION – TAXES

    SELECT GO
    SELECT UPDATE
    SELECT APPLY
    SELECT YES

    CLOSE
    TO RAISE A TAX INVOICE

    N---AP—INVOICES---ENTRY –INVOICES
    CLOSE THE DISTRIBUTION FORM

    SELECT CALCULATE TAX

    NOTE :

    IF WE WANT TO CALCULATE EXCLUDE TAX, SELECT CALCULATE TAX , AND ADD A TAX AMOUNT
    TO THE INVOICE AMOUNT
    NOTE 2 :

    IF WE WANT TO CALCULATE INCLUDE TAX, FIRST VALIDATE INOIVCE , AND THEN SELECT TAX
    DETAILS, ENBALE INCLUDE, THEN SELECT OK

    OK
    SELECT TAX DETAILS
    ENABLE INCLUSIVE

    SELECT OK
    NOTE :

    SELECT ACTION AND VALIDATE AND PERFORM ALL REGULAR INVOICE ACTIONS

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