Small Update: The 5-Step Accounting Guide does not help with tax matters. I've ordered the book and it should arrive sometimes next week.
I've found out what "nexus" means for a company and changed the setting to Y. Which did not help. Also i changed the Tax-Type from VAT to Sales Tax in order to verify if it works with this seemingly more common setting. It did not. What i did to check if the settings apply and the taxes get calculated is to create an invoice with the product from my catalog, created a payment with the necessary amount and paid it. To check the glAccouns i used the Trial Balance. For my understanding: Is Nexus basically defines if a party has to actually pay taxes because some treshold is reached. *Is my understanding of "nexus" correct?* *Does the Trial Balance and my general procedure to test taxes suffice?* On 6 October 2014 14:29, Adrian Stern <[email protected]> wrote: > @Pierre Smits > Thanks for your Reply. Both of this i did. The percentage is used was 10 > instead of 0.1. But if it had worked, the numbers would've just been bigger. > Also i did create the Link to "Company". > > @joelfradkin > Since you're talking about a whole book, which i cannot purchase in time, > is this by chance what you are talking about? > > https://de.scribd.com/doc/138056993/Accounting-5-Step-Guide > > When i've found the time to read en re-check, i will reply once more. So > thanks for the time being. > > On 3 October 2014 19:22, [email protected] <[email protected]> > wrote: > >> Getting started with apache OFBiz accounting by Sharon Foga has a example >> of >> adding a new tax authority. >> Not sure this is what you are looking for as it does not mention in the >> steps VAT. >> Her steps are create tax authority party, tax authority setup rates, >> region),link the tax authority to the company, process a customer order to >> veify that the rate from new authority is applied. >> Hope that helps. >> >> >> >> ----- >> Joel Fradkin >> -- >> View this message in context: >> http://ofbiz.135035.n4.nabble.com/Setup-VAT-Taxes-tp4656487p4656494.html >> Sent from the OFBiz - User mailing list archive at Nabble.com. >> > >
