New r12 Ebs Tax Update

Create a new Tax Regime

1. Log into Forms:

Field Value

Username/Password Operations/welcome

Responsibility Tax Managers

2. Create a new Tax Regime

(N) Tax Configuration > Tax Regimes

(B) Create

Field Value

Tax Regime Code XX TAX

Name XX TAX

Regime Level Country

Country Name United States

Parent Regime Code

Leave blank

Effective From Enter today’s date

Effective To Leave blank

Used to Group Regimes (Checkbox)

Leave unchecked

(I) Expand > Show Controls and Defaults

Uncheck all Controls:

Field Value

Allow Tax Recovery (Checkbox) Uncheck

Allow Override and Entry of Inclusive Tax Lines (Checkbox)

Uncheck

Allow Tax Exemptions (Checkbox) Uncheck

Allow Tax Exceptions (Checkbox) Uncheck

Enter Defaults:

Field Value

Tax Currency USD

Page 1 of 9 document.doc

Minimum Accountable Unit 0.01

Rounding Rule (Dropdown) Nearest

Tax Precision 2 (default)

(B) Continue

Enter Configuration Options:

Field Value

Party Name (LOV) Vision Operations

(Party type select Operating unit owning tax context and first party legal entity one by one)

Configuration for Taxes and Rules (Dropdown)

Common Configuration


Tax Precision 2 (default)

(B) Finish

Create a new Tax

3. Create a new Tax

Tax Configuration > Tax Regime

Search for the Tax Regime we created in the above step:

Field Value

Country Name United States


(B) Go

Returns the Tax Regime we created above

(I) Regime to Rate Flow

Opens the Regime to Rate Flow Window and displays the tax regime we created in the previous step.

(I) Create Tax

Field Value



Configuration Owner (LOV) Global Configuration Owner

Tax Source (dropdown) Create a new tax

Tax XX TAX

Tax Name XX TAX

Effective From (LOV) Enter today’s date

Geography Type (LOV) Country

Parent Geography Country

Parent Geography Name United States

Tax Currency USD (default)

Minimum Accountable Unit 0.01 (default)

Rounding Rule Nearest (default)

Tax Precision 2

Exchange Rate Leave blank

(B) Apply

Returns to the Regime to Rate Flow window

(H) Expand All

Two level types will now appear – regime and tax

Create a new Tax Status, Jurisdiction and Rules

4. Create a New Tax Status

(I) Create Tax Status (on Tax Level Type row)

Field Value

Tax Status Code XX TAX Status

Name XX TAX Status


Tax XX TAX

Set as Default Tax Status (Checkbox) Select

Default Status Effective From Enter today’s date

(B) Apply

Returns to the Regime to Rate Flow window


(H) Expand All

Three level types will now appear – regime, tax and status

5. Create a New Tax Rate

(I) Create Tax Rate (on Status Level Type row)

Field Value

Tax Jurisdiction Code Leave blank

Tax Rate Code XX TAX Rate

Rate Type (dropdown) Percentage (default)

Percentage Rate 10

Effective from Enter today’s date

(I) Rate Details

Field Value

Tax Rate Name XX TAX

Set as Default Rate (checkbox) Select

Default Effective From Enter today’s date

(B) Apply > (B) Apply

Returns to Regime to Rate Flow window

6. Create a new Jurisdiction

(T) Tax Configuration > (ST) Tax Jurisdictions

(B) Create

Field Value

Tax Jurisdiction Code XX TAX Jurisdiction

Tax Jurisdiction Name XX TAX Jurisdiction


Tax XX TAX

Geography Type Country


Geography Name United States

Precedence Level 300 (Default)

Collecting Tax Authority Leave blank


Reporting Tax Authority Leave blank

Set as default Tax Jurisdiction (Checkbox) Select

Default Effective From Enter today’s date

(B) Apply

7. Create Default Rules

(T) Tax Configuration > (ST) Tax Rules

Field Value

Configuration Owner (LOV) Global Configuration Owner

Tax Regime Code (LOV) XX TAX

Tax (LOV) XX TAX

(B) Go > (H) Expand All

9 rules will be returned. We will update each rule as follows:

Determine Places of Supply > (I) Update

Field Value

Rule Type Default (LOV) Ship From

(B) Apply

Determine Tax Applicability > (I) Update

Field Value

Rule Type Default (LOV) Applicable

(B) Apply

Determine Tax Registration > (I) Update

Field Value

Rule Type Default (LOV) Bill from Party

(B) Apply

Determine Taxable Basis > (I) Update

Field Value

Rule Type Default (LOV) Standard_TB


(B) Apply

Calculate Tax Amounts > (I) Update

Field Value

Rule Type Default (LOV) Standard_TC

(B) Apply

8. Create Tax Account

(T) Tax Configuration > (ST) Taxes

Search:

Field Value

Regime Level Country

Country United States


(B) Go

(I) Update

(B) Tax Accounts

Field Value

Ledger Vision Operations (USA)

(B) Create

Field Value

Operating Unit Vision Operations

Tax Expense Account 01-110-7710-0000-000

Add Tax Recovery/Liability Account 01-000-2520-0000-000

(B) Apply

(B) Apply

(B) Apply

9. Make Tax available for Transactions

(T) Tax Configuration > (ST) Taxes

Field Value


Country Name (LOV) United States

Tax Regime Code (LOV) XX TAX

Tax (LOV) XX TAX

(B) Go

XX TAX > (I) Update

Field Value

Make Tax Available for Transactions (Checkbox)

Select

(B) Apply

Displays Warning:

Validation Error: This tax does not have an exchange rate type. Are you sure you want to enable this tax?

(B) Yes

The tax is now ready for use in Transactions or in Tax Simulator.

(H) Home (upper right corner of window)

Enter an Invoice in Payables

10. Select Payables Responsibility:

Field Value

Responsibility Payables, Vision Operations (USA)

11. Enter an Invoice

(N) Invoices > Entry > Invoices

Field Value

Type Standard

Trading Partner Advanced Network Devices

Supplier site FRESNO

Invoice Date Enter today’s date


Invoice Number Any

Currency USD

Amount 990.00

Accept all other defaults

(ST) Lines

Field Value

Line 1

Type Item

Amount 900

Distribution Account 01-110-7110-0000-000

Description Any

GL Date Enter today’s date

Business Category Purchase Transaction

Product Type Goods

Tax Classification Code XX Tax

(I) Save

(B) Actions > Select (Validate) Checkbox > (B) OK

(B) All Distributions

1 Tax Lines has been created:

Enter an Invoice in Receivables

12. Switch Responsibility to Receivables:

(I) Switch ResponsibilityField Value

Responsibility Receivables, Vision Operations (USA)


13. Enter an invoice in Receivables

Transactions > Transactions

Field Value

Source Manual

Date Enter today’s date

GL Date Enter today’s date

Class Invoice

Currency USD

Type Invoice

Legal Entity Vision Operations

(ST) Main

Field Value

Ship To Business World

Accept all other defaults

(B) Line Items > (ST) MainField Value

Num 1

Description Any

UOM Ea

Quantity 1

Unit Price 1,000.00

Tax Classification XX Tax

(I) Save > (B) Distributions

Select > Accounts for all Lines (dropdown)

Tax Lines has been created:


Documents

New r12 Ebs Tax Update