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Tax Calculation
07-24-2013, 04:34 PM
Post: #1
Rainbow Tax Calculation
Hi,
I got confused when i met Tax calculations during a sales order. Is that calculated on customer wise or item wise? if so kindly brief the calculation part as i have check for our market taxes.
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07-24-2013, 10:21 PM
Post: #2
RE: Tax Calculation
Hi Mani K,

taxes are defined by assigning a tax group to a customer branch.

Customers -> Add/ Modify/ Delete customer branches

A tax group can consist of one or several taxes. So, first you have to create at least one tax rate:

Setup -> Tax authorities and rates maintenance

Then you have to create a tax group: Setup -> Tax Group Maintenance
After creating the Tax Group, you have to add at least one of the "tax authorities" you created earlier.

In the beginning, this may sound a little confusing, but it provides great flexibility to implement all kind of tax patterns into webERP. In Canada for example, in most provinces HST is used as sales tax, however, the rates can differ between the different provinces. Besides, one of the provinces does not charge HST, but TWO different taxes (PST and GST). With the flexibility in webERP it´s very easy to implement that.

I hope this helps. If you still find it hard, then please let us know how your tax system looks like, and we can guide you with the implementation.

MacPhotoBiker
Just Core Business Inc.
[url]http://www.justcorebusiness.com[/url]
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07-25-2013, 08:47 AM
Post: #3
RE: Tax Calculation
http://www.weberp.org/weberp/doc/Manual/...wTopic=Tax

some other docs:
http://www.weberp.org/wiki/BasicSalesTax

Phil Daintree
webERP Admin
Logic Works Ltd
http://www.logicworks.co.nz
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07-25-2013, 10:36 AM
Post: #4
RE: Tax Calculation
I tend to forget the manual Wink Good one, Phil!

MacPhotoBiker
Just Core Business Inc.
[url]http://www.justcorebusiness.com[/url]
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07-27-2013, 04:07 PM
Post: #5
Photo RE: Tax Calculation
Hi,

Thanks to all . And I clarified about the Tax Calculation and Finally I prepare the Document for Tax Calculation.



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Main K


Attached File(s)
.docx  tax flow chart.docx (Size: 14.11 KB / Downloads: 19)
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