Setting Up Tax Area Relationships for Credit Invoices

Access the Enter Tax Areas Relationship Information form.

Tax Area

Enter a code that identifies a tax or geographic area that has common tax rates and tax authorities. The system validates the code you enter against the F4008 table. The system uses the tax rate/area with the tax explanation code and tax rules to calculate tax and general ledger distribution amounts when you create an invoice or voucher.

Tax Area FC (tax rate/area 2)

Enter a user-defined code that identifies a tax or geographical area that has common tax rates and tax distribution. The tax rate/area must be defined to include the tax authorities (for example, state, county, city, rapid transit district, or province) and their rates.

Tax Area FC is the temporary tax area for credit invoices.