V4 Tax Processing Enhancements

1.Invoicing in has been changed so that the calculation method for the sale amounts of taxable items are summed into "per invoice" totals for each applicable jurisdiction. The tax amounts for each jurisdiction are then calculated off those totals.

2.The "taxable totals" which are generated by this updated calculation process will be saved permanently with each invoice.

3.These changes have eliminated the need for this calculation in the Tax Report so it has been removed.

4.Invoices created by any release prior to entrée v4.0.42 will continue to use the Tax Estimation feature when processed by the Tax Report.

See the Invoicing chapter Taxes and Fees Panel section of this guide for more details.

 

Correct "taxable total" numbers will only be available on invoices created by entrée v4.0.42 or later. The only way to completely eliminate the use of the estimation feature is to review your entire invoice history to calculate and save the missing "taxable amount" values, likely a very time-consuming process. The old invoices over time will wash out of the entrée system on their own.