Accounts Receivable "Use Tax" Support
Price and Cost Tax Basis Option
Each Tax Code defined within Service Management can be flagged as either a tax base source of "cost" or "price".
Sales Orders and Calculated SRO support
The Use Tax calculation is straight forward for SROs, which are calculated time and material, as the cost of each posted transaction is used. For sales orders, the cost of each sales order line is used.
Project Fixed SROs support
All costs for any transaction that has not been invoiced are used to calculate the Use Tax value when a Project Fixed SRO is invoiced.
In addition, the project fixed operation is automatically closed upon invoicing as a control point.
Contracts and Credit Memos
Neither contracts or credit memos support Use Tax and therefore tax codes of tax base source "cost" cannot be assigned.
Other Information
- For service orders, the Customer/SRO Types form has been expanded to allow different tax code defaults to be set up for a customer based on the SRO Type. If the tax code on this form is not populated, the tax code defaults from the customer.
- The invoice paperwork has been altered to display the Use Tax value, unless the Include Tax in Price option is chosen, in which case, the tax is rolled into the price.
- The Use Tax value is displayed on existing tax reports within Service Management.