Create Tax Account Definition – A summary of the activity

This activity allows you to create tax account definition. Creating tax account includes defining accounts for automatic defaulting of Tax account codes during purchase, sale and other transactions. The accounts are defined in the “Accounting Setup” business component.

While creating, account code definition is done only for Effective From Date. The Valid Upto Date is left open ended and is specified only while deleting the account code (i.e.) while closing the account code. ARD will return the Account codes for a particular transaction. The default cost centers, Analysis and sub analysis codes are defined in the respective components.

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