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dynamiczip:features:purchase_tax_accrual [2015/07/09 15:24] – [Tax Accrual Reporting] chuckdynamiczip:features:purchase_tax_accrual [2017/09/12 20:17] (current) conni
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-====== Purchase Tax Accrual ======+====== Use Tax Accrual ====== 
 ===== Overview ===== ===== Overview =====
-This feature enables you to accrue tax on purchases whether or not the vendor is billing you for that tax. Purchase tax transaction history is created for reporting purposes along with the general ledger tax accrual distributions that this feature adds automatically  to the transaction's standard distributions.\\+This feature enables you to accrue tax on purchases whether or not the vendor is billing you for that tax. Use tax transaction history is created for reporting purposes along with the general ledger tax accrual distributions that this feature adds automatically  to the transaction's standard distributions.\\
  
 See [[dynamiczip:features:Accruing Use Tax on Purchases]] for more information.  See [[dynamiczip:features:Accruing Use Tax on Purchases]] for more information. 
 +
 ===== Tax Accrual Reporting ===== ===== Tax Accrual Reporting =====
 See [[dynamiczip:reports:dynamiczip_tax_reports|Advanced Tax Reporting]] for more information. See [[dynamiczip:reports:dynamiczip_tax_reports|Advanced Tax Reporting]] for more information.
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 These accrued tax details will appear in the [[dynamiczip:windows:DZ Tax Detail Entry window]] prior to posting, and the [[dynamiczip:windows:DZ Tax Detail Zoom window]] after posting. These accrued tax details will appear in the [[dynamiczip:windows:DZ Tax Detail Entry window]] prior to posting, and the [[dynamiczip:windows:DZ Tax Detail Zoom window]] after posting.
  
-At the time the purchasing transaction is entered, DynamicZip adds document tax detail records to the [[dynamiczip:tables:DZ Purchasing Tax History table]]. These tax details are copied to the [[dynamiczip:tables:DZ PM Taxes Work and History table]] when [[dynamiczip:reports:DynamicZip_Tax_Reports|Purchase tax reports]] are run.+At the time the purchasing transaction is entered, DynamicZip adds document tax detail records to the [[dynamiczip:tables:DZ Purchasing Tax History table]]. These tax details are copied to the DZ PM Taxes Work and History table when [[dynamiczip:reports:DynamicZip_Tax_Reports|Purchase tax reports]] are run.
    
 These accrued tax details will appear in the [[dynamiczip:windows:DZ POP Invoice Accrued Tax Summary Entry window]].  These accrued tax details will appear in the [[dynamiczip:windows:DZ POP Invoice Accrued Tax Summary Entry window]]. 
 +
 ===== Tax Accrual Posting Accounts ===== ===== Tax Accrual Posting Accounts =====
 +
 ==== Debit ==== ==== Debit ====
 Please see the [[dynamiczip:setup:Charge Tax Expense]] setting in the [[dynamiczip:windows:DynamicZip Setup window]].  Please see the [[dynamiczip:setup:Charge Tax Expense]] setting in the [[dynamiczip:windows:DynamicZip Setup window]]. 
 +
 ==== Credit ==== ==== Credit ====
 The taxes owed will be accrued to the posting account assigned to the purchases tax detail(s), if one has been assigned. If not, then the account will be the Tax account specified in Posting Account Setup for Purchasing.  The taxes owed will be accrued to the posting account assigned to the purchases tax detail(s), if one has been assigned. If not, then the account will be the Tax account specified in Posting Account Setup for Purchasing. 
  
 ---- ----
-[[dynamiczip:setup:Purchase Tax Accrual Setup]]\\ +[[dynamiczip:setup:Purchase Tax Accrual Setup|Use Tax Accrual Setup]]\\ 
 [[dynamiczip:features:features|DynamicZip Features]] [[dynamiczip:features:features|DynamicZip Features]]
  
  
  
dynamiczip/features/purchase_tax_accrual.1436455458.txt.gz · Last modified: 2015/07/09 15:24 by chuck

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