omfgppc - 2009-03-10

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The "EnhancedTaxInternationalization" page has been changed by jrogelstad:

   * Terminology should be made consistent with other like functionality in=
the system.
  =

  =3D=3D New Terms and Definitions =3D=3D
+  . '''Tax Area'''
+   * A geographic are that has specific tax jurisdiction and tax assignmen=
ts.  Tax assignments are assigned on a tax area and tax type basis to deter=
mine what tax structure to apply to a given item.  Tax area will replace th=
e position of Tax authority on previous versions of xTuple.
   . '''Tax Assignments'''
-   * Tax assignments map tax authority and tax type combinations to multip=
le tax codes. Formerly known as tax selections.
+   * Tax assignments map tax area and tax type combinations to tax codes. =
Formerly known as tax selections.
+  . '''Tax Authority'''
+   * An organization to which collected taxes will be paid.  Formerly asso=
ciated with customers, vendors, shipto addresses and many document headers,=
tax authority will now be designated on specific tax assignments to allow =
for the possibility of multiple tax authorities being involved in a single =
transaction.
+  . '''Tax Class'''
+   * A list of user defined tax classes may be created that can be assigne=
d to tax codes.  It is primarily a grouping mechanism that can be used for =
reporting purposes.
   . '''Tax Code'''
-   * A single tax item that includes a G/L account mapping. Formerly tax c=
ode contained 3 fixed tax items A, B and C with a single percentage rate.
+   * A single tax item that specifies a G/L account mapping and tax rate. =
Formerly tax code contained 3 fixed tax items A, B and C with a single perc=
entage rate.
   . '''Tax Rate'''
-   * A tax rate determines the amount of tax that a tax item collects. The=
amount may be a percentage or a fixed amount. Tax rates have effective dat=
es and many can be associated to one tax item. However, only one rate may b=
e effective in any given date range.
+   * A tax rate determines the amount of tax that a tax code collects. Tax=
rates have effective dates and many can be associated to one tax item. How=
ever, only one rate may be effective in any given date range.
  =

  =3D=3D Related Existing Functionality =3D=3D
  The new functionality described in this document builds on existing funct=
ionality described in TaxBasics.