Getting Started With JD Edwards EnterpriseOne Tax Processing

This chapter discusses:

JD Edwards EnterpriseOne Tax Processing overview.
JD Edwards EnterpriseOne Tax Processing implementation.

JD Edwards EnterpriseOne Tax Processing Overview

Various tax authorities assess and collect taxes. To comply with governmental tax regulations, you must set up tax information. After you set up this information, you can:

Track taxes according to different tax rates and areas.
Assign a default tax rate to a customer or supplier.
Apply a tax rate to an entire transaction or transaction pay item.
Enter a tax amount or have the system calculate the amount.
Track tax history in a separate table.

JD Edwards EnterpriseOne Tax Processing Implementation

This section presents the steps that are required to implement JD Edwards EnterpriseOne Tax Processing.

In the planning phase of the implementation, take advantage of all JD Edwards EnterpriseOne sources of information, including the installation guides and troubleshooting information. A complete list of these resources appears in the preface in About This Documentation with information about where to find the most current version of each.

When determining which electronic software updates (ESUs) to install for JD Edwards EnterpriseOne Tax Processing, use the EnterpriseOne and World Change Assistant. EnterpriseOne and World Change Assistant, a Java based tool, reduces the time required to search and download ESUs by 75 percent or more and enables you to install multiple ESUs at one time.

See JD Edwards EnterpriseOne Tools 8.98 Software Update Guide

Implementation Steps

This table lists the implementation steps for JD Edwards EnterpriseOne Tax Processing:

Step	Reference
1. Set up companies, fiscal date patterns, and business units.	See Setting Up Organizations.
2. Set up accounts and the chart of accounts.	See Creating the Chart of Accounts.
3. Set up the General Accounting constants.	See Setting Up the General Accounting System.
4. Set up multicurrency processing, including currency codes and exchange rates.	Setting Up General Accounting for Multicurrency Processing Setting Up Exchange Rates
5. Set up ledger type rules.	See Setting Up Ledger Type Rules for General Accounting.
6. Enter address book records.	See Entering Address Book Records.
7. Set up tax-related information, such as explanation codes, authorities, user-defined codes (UDCs), tax rules by company, automatic accounting instructions (AAIs), tax rate/areas, and so on.	See Setting Up Tax Information.