Taxes Profiles

Section overview

Taxes profiles, equally as Time profiles, is a JeraSoft Billing tool that makes the process of clients' rate tables management exceptionally agile. Taxes profile is a set of tax rules that can be applied to client's rate tables in different taxation schemes. This section allows you to add, edit, and delete profiles and is presented in the form of a table with the following columns (see screenshot):

Screenshot: Taxes Profiles section

Functional buttons/icons presented in the section are as follows:

Advanced Search

In the top right corner of the section above the table, an Advanced Search drop-down menu is located. By clicking on a blue downward arrow  icon, a drop-down menu with the following structure is displayed:

Screenshot: Advanced Search drop-down menu

To apply the specified search criteria, click the Search button; to cancel the applied parameters, click the Reset button.

Creating a New Taxes Profile

To create a new profile, you need to:

• Click the New Taxes Profile button
• Fill in mandatory fields (specified in the table below)
• Click the OK button

 Screenshot: New Taxes Profile window

Tax Values Management

To manage a tax value, you need to click the  icon to the left of a corresponding profile name on the list. In the pop-up window you can add a new rule by clicking Add Tax Value or edit already existing values. The structure of a pop-up window is as follows:

Screenshot: Tax Values Management

While operating with tax values, you can apply Advance Search to find the value you might be interested in. To do so, click on a red downward arrow  icon in the top right corner of the pop-up window and set the Status and Status Date fields:

• Status:
  • current on - if chosen, all tax values with the latest Effective from field value will be displayed
  • old for - if chosen, all tax values, whose Effective from field value is older in comparison to its current one, will be displayed
  • future for - if chosen, all tax values, whose Effective from field value > Date, will be displayed
  • all - if chosen, all tax values will be displayed
• Date - set the time and date that will be applied for the search.
  

By default, tax values displayed in a pop-up window are filtered by the current on status.

Tip

In cases when you determine a Priority status, you basically set the order of the taxation. So, the tax with Priority 1 will add % tax to operation sum, the tax with Priority 2 will add tax % to the resulted sum (operation sum + 1^st tax %). Each following priority will add % tax to operation sum plus all the previous priorities values.

For example:

If operation sum is 100 USD, and there is a single tax with Priority 1 and a value of 10%, the taxation result will be 10 USD, so full operation plus tax is 110 USD.

If there are two taxes with priorities of 1 and 2, and values of 10% and 20%, respectively, then the first tax yield will be 10 USD, and second tax yield will be 22 USD (because 20% is calculated from sum of operation + previous tax), and total will be 100 + 10 + 22 = 132 USD.