Maintain Records of Refundable Tax Amounts in Dynamics GP
Tax Distribution, recently acquired from Encore Business Solutions, allows organizations to easily allocate the refundable portion of their taxes according to provincial and federal government rules and regulations.
Tax Distribution lets you:
- Specify the percentage of tax to be entered into the appropriate tax account
- Allocate the refundable portion of taxes to a specific general ledger account while adding the non‐refundable taxes to the purchase costs
- Easily allocate Tax refundable percentages when you enter or match invoices or when you receive shipments within invoices
This is the right solution for those who want to automate the entry and realization of their tax refunds.
Tax Distribution can be customized depending on your company structure. You may choose to set up a refundable percentage amount based upon the General Ledger accounts, General Ledger segment, Vendor or Vendor Class.
All this is added to your Microsoft Dynamics GP system!