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About the Tax List
Taxes, also known as Defined Taxes, are the taxes
used in a workspace. They are created from real
taxes that were imported from your organization. Currently, real taxes
are created and modified in the Proliance
Local Admin application. For instructions on how to create
real taxes, see "Editing Lookup Lists" in the Proliance
Local Admin online help.
A tax may be either a committing or non-committing
tax:
- Committing
tax: Represent real costs on the workspace and often require special
handling, such as withholding, by accounting systems. They are part of
the committed costs of your workspace. Examples of a committing tax include
the "State Taxes" in the United States and the "PST"
in Canada.
- Non-committing
tax: They are not
part of the committed costs of a workspace. They are commonly referred to
as "Flow Through" or "Value Added Taxes" since they
increase the price of goods. Typically, companies either pay or receive
the difference between the non-committing tax that they collected from
customers and the amount that they paid to the government. Examples of
non-committing tax include the "VAT" in UK and the "GST"
in Canada and Australia.
All taxes are listed on the Tax List. You can create up to
five (5) committing and non-committing taxes. tax information
is organized on the following pages:
- Main: Lists all the committing and non-committing taxes for your workspace.
For more information, see "Workspace
Tax List - Main".
- Properties: Contains the properties of the tax list. This includes the name
of the user who created the list and the date when it was created. For
more information, see "Document
Properties".
To
open the Tax list
- From the Home page, click Workspaces.
- From the Workspaces register, select a workspace.
- Go to
Administration > Cost.
- Click
General Taxes
- In the General Taxes register, click a Tax List document.