1. Lease Origination Setup Guide
  2. Appendix : Lease Sales and Usage Tax
  3. Internal Lease Tax Calculation
  4. Sales Tax Calculation at Customer Service
  5. Calculate Tax in Customer Service

E.2.3.1 Calculate Tax in Customer Service

  1. For the calculation method defined in setup as either Flat Transaction Amount or Percentage of Transaction Amount, the scheduled batch job posts the following type of transactions:

    Table E-12 Type of transactions

    Transaction Code Batch Job Transaction
    Bill/Due Date TXNDDT_BJ_100_01 BILLING/DUE DATES PROCESSING

    DDT

    BILL/DUE DATE
    Late Charge TXNLTC_BJ_100_01 LATE CHARGE PROCESSING

    FLC

    LATE CHARGE
    • Along with the above transaction, system automatically posts SALES / USE TAX linking transaction to determine and update the tax component separately.
    • For accounts with tax exemption, sales tax will not be calculated and link transaction is not posted.
    • In case of reversal, if the parent transaction is reversed then corresponding child SALES / USE TAX tax transaction will also be reversed.
  2. On successfully posting the transaction, the details are updated on to the customer account in Customer Service > Transaction History > Transactions tab.

    Figure E-4 Transaction History


    Description of Figure E-4 follows
    Description of "Figure E-4 Transaction History"

  3. For the calculation method defined in setup as Payoff Quote Lease, on posting this transaction system calculates the tax on unpaid Lease Receivables and displays the Sales / Usage Tax due bucket with the total of current outstanding and future dues.

    Figure E-5 Maintenance - SalesTax


    Description of Figure E-5 follows
    Description of "Figure E-5 Maintenance - SalesTax"

Parent topic: Sales Tax Calculation at Customer Service