SmartFusion Modules -> Tax Collection -> Parameters

Recent Change: Version 6.102 - The account mapping section now includes a digest type option to allow a fund ledger accounts to be setup based the digest status of the bill.
6.63 Split out Tax Year and Rate Table.  Rate Table is based on its new setup.
6.59 - Details were replaced by rate table field to combine commission rates together.
6.43 - Filtering by tax year, tax type, or transaction has been changed to filter by "and" instead of "or" which was not beneficial.
Version  6.22
- Added feature to duplicate Commission Rates
Recent Change:  6.23
- Fixed a bug that was not allowing deletion of commission rate tables that have not been used

Summary

This screen is used to set up commissions that may need to be paid on received taxes

Fields

Name

Name of the rate table

Abbreviation

Abbreviation of the rate table

Description

Description of the rate table

Tax Year

This is the tax year this commission is for

Rate Table

This is the rate table associated with this commission rate. The actual year in rate table is displayed. This must match the year denoted in the tax year.

Tax Type

Type of tax this commission is for. If the type is Ad Valorem then transaction is disabled and not used and the mapping only allows entry of 1 line

Transaction Code

Charge transaction code this commission if for. If the commission is for an Ad Valorem type then this is disabled and not used since Ad Valorem is not tied to any transaction codes

Commission Vendor

Vendor used when creating payout vouchers for the commission amount collected

Authority Vendor

Vendor used when creating payout vouchers for the authority portion of funds collected

Account Mapping

This is where you say if money is coming in from certain payment transaction codes these are the GL accounts to use when creating vouchers in Commissions Payout. For Tax Ad Valorem you only get 1 line because we don't actually tie to transaction codes. You need to set up 1 transaction code and then we use the GL accounts and receivable account for everything getting paid from ad valorem tied to this rate table. Digest type is used to determine which accounts to use based on the digest status of bill the commission is based on. The mappings cannot have a digest type of all and then on or not on digest.

Duplicate commission rate

Duplicate commission rate provides functionality to duplicate the current commission rate in its entirety to allow users to add a common commission rates quickly.

Notes

When trying to determine which step in the rate to use the amounts in the PropertyTaxCommissionPayout tables that are tied to this rate table. We total up authority and commission amounts and add them together to see how much we have collected in total and then add the new entry or payment amount to then select the correct step.