Updating and tracking tax information in Payables invoices

Use this procedure to update and track changes to tax information on Payables invoices.

These fields on the invoice form are used to track the calculated invoiced and accrued taxable and tax amounts from the distributions:

  • Total Invoiced Taxable Amount
  • Total Invoiced Tax Amount
  • Total Accrued Taxable Amount
  • Total Accrued Tax Amount

The taxable amounts from the distributions that are linked or created from a header tax are included in the total tax amount. Manually entered tax distributions are not tracked.

  1. Sign in as Payables Manager and select Manage Invoices.
  2. Select a tab and open an invoice record.
  3. On the Main tab, in the Tax Information section, click Add Tax.
  4. Specify this information:
    New Tax Code
    Specify the name of the new tax code.
    Entered Taxable Amount
    Specify the taxable amount for the invoice. This amount must match the vendor invoice amount.
    Entered Tax Amount
    Specify the tax amount for the invoice.
    Tax Category
    Specify the product tax category.
    Tax Point Date
    Specify the tax point date. These are the dates when tax is recognized in the system. The dates can be the invoice, shipping, GL post date, or payment date.
    Point Of Title Transfer
    Select whether the point of transfer is Destination or Origin.
    Link Tax On Distributions
    Select this check box to link tax to individual distribution records.
  5. Click Submit.