E-business Tax

Lab 04 • Create Transactions with Applicable

Tax
Objective: Create Transactions with Applicable Tax in
Payables and Receivables

Instructions:

Sign On:
Field US Sales and Use Tax
User Name XXUSER
Password Welcome1

Entering an Invoice in Payables

Field US Sales and Use Tax
Responsibility Payables XXX US OU 01

1. Navigate to the Invoices page.

• (N) Invoices: Entry > Invoices

2. Enter a standard invoice based on the following header information:

Field US Sales and Use Tax
Trading Partner ACME Corp
Supplier Site US CHECK
Invoice Date MM/DD/YYYY
• MM = Current month
• DD = Current Day
• YYYY = Current Year
Note. This date should be equal to the effective date
of your tax.
Invoice Number TAX TEST XX
Currency USD
Amount 1155.00

3. Accept all other defaults.

4. Navigate to the Lines region.

• (ST) Lines

5. Enter invoice line information based on the following:

Field US Sales and Use Tax

EBTax Page 1 of 4
 E-business Tax

Line 1
Type Item (default)
Amount 1000.00 USD
Distribution Account 101.100.63580.0000.730.000.000
Description Test XX
GL Date MM/DD/YYYY
• MM = Current month
• DD = Current Day
• YYYY = Current Year
Note. This date should be equal to the effective date
of your tax.
Business Category Purchase Transaction
Product Type Goods
Ship To XXX US OU 01 - 002

6. Save your invoice.

• (I) Save

7. Validate your invoice.

• (B) Actions… 1
• Select Validate check box.
• (B) OK

8. Navigate to the Distributions window.

• (B) All Distributions

9. View the tax line distributions.

Note. You can override the tax calculation and enter manual tax lines on invoices if you
selected the Allow Override for Calculated Tax Lines and Allow Manual Entry of Tax
Lines options at the Tax level.

Note. Because you are working in an environment with seeded data and shared data, you
may see other tax applied to your transaction.

Entering an Invoice in Receivables

Field US Sales and Use Tax
Responsibility Receivables XXX US OU 01

EBTax Page 2 of 4
 E-business Tax

10. Navigate to the Transactions page.

• (N) Transactions > Transactions

11. Enter an invoice based on the following header information:

Field US Sales and Use Tax
Source Manual-Other (default)
Date MM/DD/YYYY
• MM = Current month
• DD = Current Day
• YYYY = Current Year
Note. This date should be equal to the effective date
of your tax.
GL Date MM/DD/YYYY
• MM = Current month
• DD = Current Day
• YYYY = Current Year
Note. This date should be equal to the effective date
of your tax.
Class Invoice (default)
Currency USD (default)
Type Invoice (default)
Legal Entity XXX OU 01 (default)

12. Navigate to the Main region.

• (ST) Main

13. Enter ship to information:

Field US Sales and Use Tax
Ship To Business World

14. Navigate to Main region of the Line Items page.

• (B) Line Items
• (ST) Main

15. Enter invoice line information based on the following:

Field US Sales and Use Tax

Num 1
Description Test XX
UOM Ea
Quantity 1
Unit Price 1000.00 USD

16. Save your invoice.

• (I) Save

EBTax Page 3 of 4
 E-business Tax

17. Navigate to the Detail Tax Lines window.

• (B) Tax

Note. You can override the tax calculation and enter manual tax lines on invoices if you
selected the Allow Override for Calculated Tax Lines and Allow Manual Entry of Tax
Lines options at the Tax level.

Note. Because you are working in an environment with seeded data and shared data, you
may see other tax applied to your transaction.

EBTax Page 4 of 4