Easy OnBoarding Tax Management Easy OnBoarding Course Overview
Easy On-Boarding Tax Management
Easy On-Boarding Course Overview • Tax Management Set Up Process Flow 2
Easy On-Boarding Business Cycle Finished Goods Manufacturing Process Site to Site Transfer Consignment Stock DRP Subcontracting Inventory Transfers Supply Chain Non-PO Sales To Customer Purchases from Suppliers Revenues Expenses Profit
Easy On-Boarding Tax and Inventory Reporting Flow Manufacturing Process Finished Goods Sales To Customer Purchases From Suppliers Revenues Expenses Profit
Easy On-Boarding QAD Tax Management • • Allows global tax treatment for multiple tax environments in the same database Unlimited number of tax types and rates • • Enterprise Financials VAT, luxury, capped, nonrecoverable Considers • • • Serves the different sales, use and VAT taxes globally Ensures correct tax registrations and smooth tax reporting Geography Item status (taxable, non-taxable) Customer / Supplier status Effective date Includes flexible reporting Financial Analytics Management Reporting Multi-GAAP Budgeting Governance, Risk and Compliance Consolidations Allocations Financial Shared Services Credit Management Tax Management General Ledger Multi Currency Accounts Receivable Accounts Payable Banking / Cash Management Cost Management
Easy On-Boarding Tax Setup: Global Tax Management • Set up at database level - To be used with business relations and shared set data (customers, suppliers) - Exception: tax rate setup at domain level • New since QAD 2008 Enterprise Edition - Tax box Tax group Extensive reporting Tax calendar
Easy On-Boarding GTM Tax Attributes Tax Class (*) Tax Usage (*) Tax Zone Tax Group Tax Box Tax Calendar Tax Environment Tax Rate (*) = optional
Easy On-Boarding Tax Management Set Up Process Flow 8
Easy On-Boarding Tax Management Process Flow 9
Easy On-Boarding Country Create & View 10
Easy On-Boarding Country Code Data Maintenance & Browse 11
Easy On-Boarding State & County Create & View 12
Easy On-Boarding Tax Zone Overview Countries Tax Environments States & Provinces Tax Zones Addresses Counties
Easy On-Boarding Tax Zone Maintenance 14
Easy On-Boarding Parent-Component Hierarchy CAN-QUE Subtotal Reporting Tax Zone This Level Zone Canada Yes Quebec Yes Alberta Yes Yes CAN-ALB CAN-ONT Ontario
Easy On-Boarding Tax Zone Hierarchies 16
Easy On-Boarding Tax Types Tax Type Description BRZ-ICMS Brazilian ICMS Tax CA-SLS California Sales Tax NON-TAX Non-Taxable CAN-ONT-PST – Ontario, Canada
Easy On-Boarding Tax Type Maintenance 18
Easy On-Boarding Item Tax Classes Tax Class Description 001 Basic Foods 002 Processed Foods 003 Luxury Goods 004 Pharmaceuticals 005 Exempt (Non-Taxable)
Easy On-Boarding Tax Class Maintenance 20
Easy On-Boarding Tax Usage Code Examples Tax Usage Description 1 -P-MFG Intrastate Purchase for Manufacturing 1 -P-RSL Intrastate Purchase for Resale 2 -P-RSL Interstate Purchase for Resale 3 -P-RSL Import Purchase for Resale
Easy On-Boarding Tax Usage Maintenance & Browse 22
Easy On-Boarding Tax Environment Examples Environment CA 001001/005005 USA/FRA Ship-from Tax Zone Ship-To Tax Zone Los Angeles Ventura USA France Tax Class Tax Type Description Seq Rdg Meth CA Sales Tax California, LA City to Ventura City 1 2 VEN Cnty Tax 2 2 VEN City Tax 3 3 1 2 Non-Taxable
Easy On-Boarding Tax Environment Maintenance 24
Easy On-Boarding Trailer Charge Tax Calculations Yes Taxable Status and Tax Class From Detail Trailer Tax Detail Exists For Tax Type? No Tax Rate For Trailer Tax Class and Order Usage Taxable Status and Tax Class From Trailer Code
Easy On-Boarding Trailer Code Maintenance, Trailer Tax Maintenance & Trailer Code Browse 26
Easy On-Boarding Set Up Taxable Bases Tax Base Maintenance Tax Type Maintenance Use one or more of these to set up taxable bases Tax Rate Maintenance
Easy On-Boarding Tax Base Maintenance Base Percent and Base Value Tax Types for Tax on Tax
Easy On-Boarding Tax Box View 29
Easy On-Boarding Tax Group View 30
Easy On-Boarding Tax Periods 31
Easy On-Boarding Tax Rate Maintenance 32
Easy On-Boarding Tax Rate Maintenance 33
Easy On-Boarding Tax Method PROGRESS Program Description txmeth 01. p Supports most taxes. If the transaction amount is outside the minimum or maximum taxable base range, the taxable base becomes the minimum or the maximum. 02 txmeth 02. p Supports luxury taxes and capped taxes. Same as method 01 except the transaction amount includes the tax amount. 03 txmeth 03. p Imported tax amounts that should not be recalculated. 12 txmeth 12. p Supports taxes on cumulative accounts payable payments (Argentina). (Additional localization programming is required to support this method. ) 20 txmeth 20. p Sales and Use Tax Interface 01
Easy On-Boarding Questions ?
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