SmartFusion Modules > Business License > Parameters > Fees/Taxes

Recent Changes:  
6.83 - Added option for Tax Type

Introduction

Use this screen to set up your additional fees and tax types that are used on the Additional Fees/Taxes tab on the business master.
If the “Post transaction to FL” flag is checked in the Business License System File, the Charge Discount, and Penalty Ledger Accounts appear on this screen.

Fee/Tax Code Details

Fee/tax code
Description
Abbreviation
Tax type - requirement for Alabama customers

• Alcohol
• Consumers Use
• Gas/Motor Fuel
• Lodgings
• Occupational
• Rental
• Sales
• Sellers Use
• Tobacco
• Other (default)

Fee/tax value and Is percent
Discount value and Is percent
Discrepancy
Penalty value and Is percent
Accrue penalty monthly
Initial due date
The Initial Due Date does not need to be updated every period; it is expected to be an old date. The system calculates the due date on the fly based on the reporting frequency.
Remit frequency in months

• 1 > Monthly
• 2 > Every 2 months
• 3 > Quarterly
• 4 > Every 4 months
• 6 > Every 6 months
• 12 > Every year
  The periods corresponding to these frequencies are calculated based on the due date and whether or not the transactions are reported in arrears: If it is in arrears, then transactions from June aren't due until July (this is used as an example based on monthly frequency). This is mostly for those based on gross receipts. If it is not in arrears, they are most likely flat rates that are due the same month in which they are reported.

Reported in arrears
Receipt Types

• Charge receipt type
• Discount receipt type