Differences

This shows you the differences between two versions of the page.

--- tax_areas_-_required_setup [2007/12/06 13:44 (17 years ago)] – john
+++ tax_areas_-_required_setup [2011/06/02 09:45 (13 years ago)] (current) – darian
@@ Line 7: / Line 7: @@
 This can be demonstrated as follows:
-In Canada, there are three forms of Tax.  Provincal Sales Tax (PST), Goods and Services Tax (GST) and Hormonized Sales Tax (HST).  Depending on the Province to which the goods or services are sold, different taxes must be charged and remitted to the appropriate Tax Authority.  In order accomplish this collection and reporting, System Five needs to know how much tax to charge in each of the Tax Areas.
+In Canada, there are three forms of Tax.  Provincal Sales Tax (PST), Goods and Services Tax (GST) and Harmonized Sales Tax (HST).  Depending on the Province to which the goods or services are sold, different taxes must be charged and remitted to the appropriate Tax Authority.  In order accomplish this collection and reporting, System Five needs to know how much tax to charge in each of the Tax Areas.
 Tax 1 is typically configured as PST
@@ Line 18: / Line 18: @@
 AB - Alberta
 BC - British Columbia
 MB - Manitoba
 NB - New Brunswick
 NL - Newfoundland/Labrador
 NS - Nova Scotia
 NU - Nunavut
 ON - Ontario
 PE - Prince Edward Island
 QC - Quebec
 SK - Saskatchewan
 YT - Yukon
 The Taxes applicable in each of these areas is different either by type of tax or by the rate that is charged.
@@ Line 58: / Line 70: @@
 {{wiki:hstexample.jpg|}}
+In order for both the Tax Calculations and the Tax Reports to function correctly, all of these entries are required.