The Tax Rebate customization makes it easy to capture tax rebates at source by automatically calculating and splitting the tax amount for an item across two additional lines: one for the partial item tax and one for the rebate amount. The tax and rebate amounts are then routed to different accounts for the order.
The Tax Rebate at Source customization applies tax rebates automatically to A/R invoices. When a new line is entered, the customization checks a segment of the account number. Based on the value of the segment, it checks whether there is a tax rebate account that applies to the line.
If so, add two new lines for the invoice for half the tax amount: one to the expense account of the triggering line, the other to the tax rebate account.
Tax Rebate at Source:
The Tax Rebate at Source customization must be tailored to fit the customer environment. There is a one-time development cost in addition to the base cost for the customization. For a free assessment and quote, contact us.
The Tax Rebate at Source customization is offered either on a monthly subscription or a perpetual license.
For more information or to buy a license, contact us.