Saturday, October 3, 2009

Tax Configuration: Complete First Party Legal Entity Party Tax Profile

Platform: R12

Tax Manager --> Parties --> Party Tax Profiles

On the Tax Manager Homepage, click on the ‘Go to Task’ icon.

[caption id="" align="alignnone" width="920" caption="Search First Party Legal Entity - Tax Profile"]Search First Party Legal Entity - Tax Profile[/caption]

Ensure Party Types is ‘First Party Legal Entity’. Type in the Party Name and click on ‘Go’.

[caption id="" align="alignnone" width="893" caption="Party Tax Profiles"]Party Tax Profiles[/caption]

Click on ‘Update Tax Profile’.

[caption id="" align="alignnone" width="916" caption="Update Party Tax Profile"]Update Party Tax Profile - Main[/caption]

Configure the four sections as appropriate:

-          Main:

[caption id="" align="alignnone" width="905" caption="Party Tax Profile - Main"]Party Tax Profile - Main[/caption]

-          Classifications

[caption id="" align="alignnone" width="893" caption="Party Tax Profile - Classifications"]Party Tax Profile - Classifications[/caption]

-          Tax Reporting Codes

[caption id="" align="alignnone" width="905" caption="Party Tax Profile - Tax Reporting Codes"]Party Tax Profile - Tax Reporting Codes[/caption]

-          Configuration Options

[caption id="" align="alignnone" width="885" caption="Party Tax Profile - Configuration Option"]Party Tax Profile - Configuration Option[/caption]

You can see that the Tax Regime is already associated with the First Party Legal Entity.



Shameem Bauccha

1 July 2009

2 comments:

  1. Hello from Russia!
    Can I quote a post in your blog with the link to you?

    ReplyDelete
  2. Priviet Polprav

    Kaniechno moi droug.

    Of course you can quote and share...

    Cheers

    ReplyDelete