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Tax Flow Chart

The document describes the current accounts payable tax accrual system for processing invoices. It involves verifying the sales tax charged, determining if a tax adjustment is needed based on the item's location and value, calculating the correct tax rate, recording the tax on the invoice and in a SQL database, and continuing invoice processing.

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koyalp
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937 views

Tax Flow Chart

The document describes the current accounts payable tax accrual system for processing invoices. It involves verifying the sales tax charged, determining if a tax adjustment is needed based on the item's location and value, calculating the correct tax rate, recording the tax on the invoice and in a SQL database, and continuing invoice processing.

Uploaded by

koyalp
Copyright
© Attribution Non-Commercial (BY-NC)
Available Formats
Download as PDF, TXT or read online on Scribd
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Current A/P Tax Accrual System PCUM

Invoice Received

The Consulting Group


Sunday, December 02, 2001

Calculate Sales Tax Assessed

Is Sales Tax Correct?

No

Charged in Error YES Rate Incorrect

Nature of Error

Not Charged April 2002: California Taxable Item? Yes Yes Determine State Item Shipped-To Yes FL Yes VA Yes WA

Adjust Invoice, Generate letter to vendor

Yes

Other

Yes

Yes

Over $6,000? Yes No Calculate over $6000 @ 6% Calculate Tax @ 5% Calculate under $6000.01 Tax @ 6.5%

ID

TX

Maintenance?

No

No Calculate Tax @ 8.25% Yes Calculate Tax @ 4.5 %

Total Calculated Tax

Calculate Tax @ 2.25%

Calculate Tax @ 8.8%

Continue Invoice Processing

Record Tax on Invoice & in SQL

Not A Tax Liability

Figure 1

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