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Difference between event types given with application name at Manage Configuration owner tax options

edited Oct 24, 2023 8:09AM in Tax & Global

Summary: While defining the COTO (Configuration owner tax options setup for transaction tax) I can see multiple events.

For example:-

Application as Receivable has Credit, Debit and Invoice events, however, there is TAX application also given with Sales Transaction as event (similar with payables as well) ... what is the difference? Can I use the Tax as application and Sales transaction to cover my all types of AR transactions and Purchase Transactions?

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