Using tax code accounts

Use this procedure to define or assign your general ledger accounts.

  1. Sign in as Application Administrator and select Financials > Payables > Tax Setup > Tax Entities.
  2. Click Create.
  3. Complete the required fields.
  4. Select the Use Tax Code Accounts check box to define your general ledger accounts at the tax code level or clear the check box to assign your general ledger accounts at the company level.
    If you clear the check box and your Tax Point date is set to Payment Date then payables and receivables due accounts are required for your company.
  5. Click Save.