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How to costing State taxes to separate GL Accounts?
We have a client requirement to cost State, City, County taxes to different GL Codes. For example, the Nebraska employee state income tax withholding and the California employee state income tax withholding should go to separate accounts.
Here’s what I found from Oracle Documentation How to Cost State and Local Taxes by Jurisdiction Code [ID 415318.1]
Costing State and Local Taxes by Jurisdiction
If your general ledger maintains tax totals by state, or by state and locality, you follow a different setup procedure for costing these taxes. You still must ensure that links to all payrolls exist for the tax elements. Additionally, you must set up one or more special segments of the Cost Allocation key flexfield to collect the required jurisdiction information. These special segments are: