Versions Compared

Key

  • This line was added.
  • This line was removed.
  • Formatting was changed.

Tax Details identify the individual components that make up a sales tax calculation. For example, if sales tax is made up of a City tax and a State tax you could setup each of these as separate Tax Details. You would need to setup individual Tax Details if the rounding, maximum transaction amount, or GL Accounts are different. One or more Tax Details make up a Tax Class. The purpose of this page is to add, edit, remove, and activate/inactive these records.

(lightbulb) This master file is shared with the Fisherman Accounting functional area. Setting up a Tax Detail here will be visible and usable on Fisherman Sales Tax Classes and setting up a Tax Detail from Sales will be visible and usable on Fishermen Accounting Tax Classes.

Software Version: 20192022.0911.03 and 28 and newer

Table of Contents
typeflat

Page Header

CancelCancel - LV
Toolbar IconsDescription
Column Filter Show/Hide
Insert excerpt
Cancel - LV
Column Filter Show/Hide - Global
Column Filter Show/Hide - Global
nopaneltrue
Delete
Insert excerpt
Insert excerpt
Delete - LV 3.0
Delete - LV
nopaneltrue
Edit
Edit - LV (Multi Line)Edit - LV (Multi Line)3.0
nopaneltrue
Excel
Insert excerpt
Excel - Global (old)RV Header 3.0
Excel - Global (old)RV Header 3.0
nopaneltrue
Favorites
Insert excerpt
Favorites Add/Remove - Global
Favorites Add/Remove - Global
nopaneltrue
Grid LayoutGroup By Show/Hide
Insert excerpt
Grid Layout Group By Show/Hide - GlobalGrid Layout
Group By Show/Hide - Global
nopaneltrue
Help
Insert excerpt
Help - Global 3.0
Help - Global 3.0
nopaneltrue
New
Insert excerpt
New - In line addNew - In line addGlobal 3.0
New - Global 3.0
nopaneltrue
Quick Column Filter
Insert excerpt
Quick Column Filter
Quick Column Filter
nopaneltrue
Save
Insert excerpt
Save - LV (Multi Line) 3.0
Save - LV (Multi Line) 3.0
nopaneltrue
Saved Layouts
Insert excerpt
Column Layouts for Framework 3.0 - Global
Save Column Layouts for Framework 3.0 - Global
nopaneltrue
FieldsDescription
CheckboxUsed to select one or more records.
Applies To

A label to indicate where the Tax Detail can be used. This is always set to "Sales" and cannot be edited.

Database Field: ERPx_MFTaxDetail.TaxApplyToEN

Based On

A label to indicate how the Tax Detail is calculated. This defaults to '% Amount' and cannot be edited.

Database Field: ERPx_MFTaxDetail.TaxBasedOnEN

Currency

The 'Currency' of the Tax Detail. This  This defaults to blank but is required and once saved cannot be edited. If missing, the  the message "Currency is required." will be displayed on Save. 

The lookup contains a blank value, the current assigned value, and a list of all the Currencies in the ERPx_MFCurrency table.

Linked Database Field: ERPx_MFTaxDetail.CurrencySK

GL Account

A single select load on demand lookup to assign the GL Account that the Credit side of the Journal Entry will go to when this Tax Detail is used. This defaults to blank but is required. If missing, the  the message "GL Account is required." will be displayed on Save. 

This lookup contains a blank value, the current assigned value, and a list of all the 'Active'  GL Accounts.

Linked Database Field: ERPx_MFTaxDetail.GLAccountSK

Inactive

Identifies if the Tax Detail is Inactive. If set to 'Yes' then the record is "Inactive" and will not be included in look-ups for transactions or other master files. If set to 'No' then the record is "Active" and can be freely used. 'No' values display as blank in the grid. This value is only editable for records that do not have an open balance.

(lightbulb) Inactive Tax Details will be auto-removed from Tax Classes, without any warnings, and will not be included in the tax calculation on new or un-posted transactions.

Linked Database Field: ERPx_MFTaxDetail.IsInactive

Max Trans Amt

A text box to indicate if the Tax Amount is capped. This defaults to 0.00 on new records but can be edited to any amount >=0. If set to blank or a negative amount the message the message "Max Trans Amt is required and must be greater than or equal to zero." will be displayed on Save. If  If set to an amount greater than 0.00 the Tax Amount will only be calculated up to the amount specified. For example, assume a 'Tax Detail' was setup with a 'Rate' of 10% and a 'Max Trans Amt' of 1,000. If a Transactions was created for $2,000 then the total Tax Amount would be $100 because it would only be calculated on the first $1,000. This  This field is always editable.

Linked Database Field: ERPx_MFTaxDetail.MaxTransactionAmount 

Rate

A text box to indicate the % Amount of the Tax Detail. This defaults to 0.00000 but can be changed to any amount >= 0.00. If set to a negative amount the message the message "Rate is required and must be greater than or equal to zero." will be displayed on Save. This field is always editable.

Linked Database Field: ERPx_MFTaxDetail.Rate

Round

A single select standard lookup to assign the rounding method of the Tax Detail. This default to "Round" on new but can be edited at any time. The applicable values include:

  • Round: Always rounds to two decimal places. For example, if the tax amount is calculated to be $1.3265, the tax would be $1.33.
  • Round Down 2 Decimals: Always rounds down to the two decimal places. For example, if the tax amount is calculated to be $1.3265, the tax would be $1.32.
  • Round Up 2 Decimals: Always rounds up to the two decimal places. For example, if the tax amount is calculated to be $1.1431, the tax would be $1.15.

This lookup contains all the values in the TaxRound Enumeration Class.

Linked Database Field: ERPx_MFTaxDetail.TaxRoundEN

Tax Detail

A text box to indicate the name of the 'Tax Detail'. This  This defaults to blank for new records and is required. If not assigned, the message "Tax Detail is required." will be displayed on Save. This  This value must be unique and If not, the message "Duplicate Tax Details are not allowed." will be displayed on Save. This  This field is always editable.

Linked Database Field: ERPx_MFTaxClass.TaxDetailName

Related Topics



Expand
titlePage Definitions

Page Definitions


...