Taxable Account (URGENT)

This forum is to discuss different features/issues of Oracle Financials modules ( GL - General Ledger, AP - Accounts Payable, AR - Accounts Receivable, FA - Fixed Assets & CM - Cash Management ).
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blitzkreigaxp
Posts: 5
Joined: Thu Nov 09, 2006 9:11 pm
Location: USA

Taxable Account (URGENT)

Post by blitzkreigaxp »

How to define a GL account as a taxable account?
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muthyala
Posts: 54
Joined: Wed Apr 11, 2007 5:02 am
Location: India

Post by muthyala »

hi
step1:Enable the tax journal at set of books level
step2:Define Tax codes
step3:enter journals (u can click the caluculate tax (B))
step4:Post The journal
step5:Enquiry The Balances

Rgds
Muthyala
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