Tax Calculation (Purchase) Overview

Article sections

    Introduction

    Tax calculation refers to the process of determining the amount of tax that an individual or entity is required to pay based on their income, assets, or other taxable factor. The BizGaze’s “Tax Calculation” app allows users to apply the Tax Calculation settings to the Purchase Transactions by enabling or disabling the Toggle switch.

    Stage Workflow

    No Stages.

    Portlets & Widgets

    In the layout view, a Portlet accurately represents each functionality, and its corresponding data is precisely viewed as a Widget. The following section includes the default portlets and widgets of the Tax Calculation App.

    Field name Description
    LoB Name Line of Business segment of the customer is displayed. A business segment can be identified by the product(s) sold or services provided or by geographical locations that the company operates in.
    Calculate Tax Displays whether the calculate tax setting is enabled or not. The system displays ‘YES’, if the toggle is enabled and will be applied to all the Purchase Transactions and when it’s disabled, the Tax will be excluded. Based on the setting configured the tax will be applied
    in Tax Calculation (Purchase)
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