Setting Up the Standard Tax Reports

Tax Reporting (TXR) uses the following SunSystems facilities to produce the standard tax reports delivered with the system:

• Document formats to identify the tax reports
• Filters to extract the gross, net or tax transactions for the report
• Rule sets to be able to distinguish between gross, net and tax transactions.

Two tax reports, and their associated document formats, are provided as standard with Financials:

• Tax Listing Detail Report which analyzes the tax by transaction reference - format TL1
• Tax Listing Summary Report which analyzes the tax by account - format TL2.

The tax filter required to extract the transactions is provided and is referenced on each document format. In addition, the Offset option is set on the document formats.

You must define the business rule required to produce the tax reports.