Texada SRM provides a choice of three tax calculation solutions as defined in the Company Taxing Parameters.
If more than two tax codes are required simultaneously, this can be achieved with the Enhanced tax processing.
For more complicated tax laws based on multiple tax combinations
according to your store location and the customer Shipping or
Billing address, an independent tax software package called
Vertex can be employed.
All tax rates, remittance reporting, and exemptions, are then
maintained by Vertex software.
Vertex tax connection access can be setup in the Company Taxing Parameters in the Vertex Connection Information window.
Note: The Tax Code NTX over-rides any other code at any level.
Changes made to either Standard Tax Code 1 or 2 on the header, details, services, or damage waiver of counter documents including Contracts, Quotes, Reservations and Invoices, are written to the Audit Log and can be viewed under the "DOCUMENT TAX CODES" category.
The Tax Change Utility can be used to
globally update tax codes in the tables and documents, by
province.
e.g. GST to HST
There are two approaches to enhanced taxing.
Note: GEOCodes do not have to be used when using Enhanced Tax processing, but once even one GEOCode is created anywhere in the system, then they do become mandatory on all documents.
Tax Ceiling:
A limit can be set on the Taxable Amount of a single document for
which individual taxes can be calculated.
This optional ceiling can be determined for each tax in the
expanded record of Tax Codes, with a start
date, and based on Sales, Rentals, Services, and/or Over All.
For example a specific tax can be charged on the first $500.00
rental and then any further rentals on that document would be
exempt from that tax.
This tax ceiling is applied separately on each individual
document.
When the Enhanced Tax processing is activated in the Company Taxing Parameters, the maintenance utilities can be accessed by clicking on the ADVANCED button at the bottom of Tax Codes, as outlined in the Enhanced Taxing.
All Tax Rates, Remittance reporting and Customer or Product Exemptions, are maintain within the Vertex Software.
Then set up the two tax code fields in:
TAX 1 - With Vertex software this tax code is always interpreted as Y regardless of what is displayed.
When Vertex taxing is turned on in the Company Taxing Parameters, Tax Code 1 on customers,
documents etc. is set to 'Y' for taxable, and Tax Code 2 is set to
'NTX'.
Any customer, class, and service code exemptions are maintained in
Vertex.
All tax reporting is done via Vertex.
For all documents SRM sends the city, prov/state, and postal/zip
codes to Vertex for tax determination.
Invoices will take original contract source and destination into
account when submitting to Vertex.
Note: SRM Software only supports the Vertex 'O' series server, which uses xml and soap interfaces for communication.
Tunable Security Controls for Standard and Enhanced Tax Methods:
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