Billing > Tax Collection > Maintenance> Create New Tax Year

Recent Change:  6.103 - Added ability to mass change portions of the accounts.
6.26 - Added fixed service defaults when creating a New Tax Year

Introduction

This screen is a wizard which allows you to create a new tax year based on an existing tax year as well as the new exemption schedules and commission rates with the new tax year as well as new transaction code fund ledger detail records. During the process you will be able to

Explanation

Select Tax Year & Enter New tax Year Values

Entry of values to create the new tax year

Tax year to base new tax year on - This is the tax year in which all everything created is based on. This field is required.

New tax year name - This is the name for the new tax year. This must be a unique to all tax years in the system. This field is required.

New tax year year - This is the year for the new tax year being created. This field is required.

New tax year description - This is the description for the new tax year being created. This field is required.

Changes & Validation

This is where fund ledger accounts can be changed if desired for the new tax year. Separated by location.

Location - This is the location as to where the fund ledger account was found.

  • Transaction Code Detail - This is the Fund Ledger tab for Tax Transaction Code
  • Commission Authority Account - This is the authority account in the Commission Account mapping section for Commission Rates
  • Commission Commission Account - This is the commission account in the Commission Account mapping section for Commission Rates
  • Tax Ad Valorem Account commission detail Tax Ad Valorem Accounts

Change Accounts - This allows the users to find certain accounts where a part of the account meets a certain criteria. You can then replace portions of the matching accounts with a value. This allows for more mass updating of the accounts.

Processing

The tax year and all associated parts will have been created.

Additional Notes

Start tag and End Tag will be set to zero for the new year.

Users should still verify the new tax year as well as all created exemption schedule and commission rates.