1. Lease Collection Setup Guide
  2. Appendix : Lease Sales and Usage Tax
  3. Internal Lease Tax Calculation
  4. Sales Tax Calculation at Origination
  5. Calculate Tax in Decision/Contract tab

C.2.2.1 Calculate Tax in Decision/Contract tab

  1. Navigate to Origination > Underwriting / Funding > Decision/Contract screen.

    Figure C-2 Calculate Tax in Decision/Contract tab


    Description of Figure C-2 follows
    Description of "Figure C-2 Calculate Tax in Decision/Contract tab"

  2. Click Calculate Tax button. Based on the setup details, system calculates the sales tax for Upfront and Stream category in the following way:
    • If Sales Tax Mode and Tax Method is UPFRONT/ PURCHASE_PRICE, the Sales and Usage Tax is calculated and updated into the itemization Cash Sale tax (ITM_CSH_SALES_TAX). On Funding, the tax amount calculated during origination will be part of Lease Receivable based on itemization adjustments.
    • If Sales Tax Mode and Tax Method is CYCLE/ PAYMENT_STREAM, the Sales and Usage Tax is calculated and updated into the Contract fields - Estimated Sales Tax and Sales Tax to record the estimated tax amount and percentage. However, this data is not propagated to Account.

Parent topic: Sales Tax Calculation at Origination