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tax_areas_-_required_setup [2007/12/06 13:42 (17 years ago)] – created johntax_areas_-_required_setup [2011/06/02 09:45 (13 years ago)] (current) darian
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 This can be demonstrated as follows: 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 Tax 1 is typically configured as PST
 +
 Tax 2 is typically configured as GST Tax 2 is typically configured as GST
 +
 Tax 3 is typically configured as HST Tax 3 is typically configured as HST
-There are a total of 10 Provinces and 2 Territories in Canada+ 
 +There are a total of 10 Provinces and 2 Territories in Canada
 AB - Alberta AB - Alberta
 +
 BC - British Columbia BC - British Columbia
 +
 MB - Manitoba MB - Manitoba
 +
 NB - New Brunswick NB - New Brunswick
 +
 NL - Newfoundland/Labrador NL - Newfoundland/Labrador
 +
 NS - Nova Scotia NS - Nova Scotia
 +
 NU - Nunavut NU - Nunavut
 +
 ON - Ontario ON - Ontario
 +
 PE - Prince Edward Island PE - Prince Edward Island
 +
 QC - Quebec QC - Quebec
 +
 SK - Saskatchewan SK - Saskatchewan
 +
 YT - Yukon YT - Yukon
 +
  
 The Taxes applicable in each of these areas is different either by type of tax or by the rate that is charged. The Taxes applicable in each of these areas is different either by type of tax or by the rate that is charged.
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 Below are three pictures of the complete Tax Area setup for all 12 Tax Areas: Below are three pictures of the complete Tax Area setup for all 12 Tax Areas:
  
-Tax 1 - PST+**Tax 1 - PST**
  
 {{wiki:pstexample.jpg|}} {{wiki:pstexample.jpg|}}
  
-Tax 2 - GST+**Tax 2 - GST**
  
 {{wiki:gstexample.jpg|}} {{wiki:gstexample.jpg|}}
  
-Tax 3 - HST+**Tax 3 - HST**
  
 {{wiki:hstexample.jpg|}} {{wiki:hstexample.jpg|}}
  
- +In order for both the Tax Calculations and the Tax Reports to function correctly, all of these entries are required.
- +
- +
- +
- +
  
tax_areas_-_required_setup.1196977364.txt.gz · Last modified: 2007/12/06 13:42 (17 years ago) by john