Tax accounting issue
History
My company converted R11 tax setups to R12 On Upgrade
No R12 functionality was utilized. we use payables , we do NOT use receivables
Problem
having approx 60 Legal entities operating in Canada in 7-8 provinces, each LE requires individual tax accounting
,The resultant tax classification codes are by co by tax by province and with GST PST , HST taxes . the tax classification codes exceed 500 choices.
with centralized data entry , there is much rework required for wrong Tax classification Code selection.
Opportunity
I have been assigned responsibility to re do the tax setup based on R12 re-implementation
using TCA jurisdictions, I would like to set up the required 3 Taxes for Canada (HST, GST PST) with the resultant tax classification Codes having default Liability account CCID's
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