Use this screen if you have multiple taxable entities in your database. The information in this table overrides the Local Taxes table. If you have only one taxable entity, use the Local Taxes screen to set up local income tax withholding.
You can use this screen to set up multiple local records for each taxable entity in your database. You can enter and store local tax identification numbers for each locality that belongs to each taxable entity, and enter and store taxable entity-specific general ledger account numbers for each locality. You can reduce data entry by using the Clone feature to copy similar records and updating only those fields that differ from record to record.
You can assign the same locality code to each taxable entity, yet enter a different description for those codes. For example, suppose that you have two taxable entities that each have a locality called "East." Suppose that you want the description for the East locality for taxable entity 1 to read: "East-District 1," but you want the East locality for taxable entity 2 to read: "East-District 5." To do this, you would enter the following for Taxable Entity 1:
Locality Code: East
Description: East-District 1
Taxable Entity: 1
For Taxable Entity 2, you would enter:
Locality Code: East
Description: East-District 5
Taxable Entity: 2
Set up this screen before running the first payroll in the system. You can add to or change this table at any time. However, because it contains control information that is used to calculate local income tax withholding, you should make additions or changes before running the next payroll. Additions or changes will be necessary when the information on one or more of the tables becomes outdated.
Enter, or use Lookup to select, the 10-alphanumeric-character taxable entity ID that you want on this record. This is a required field. Establish taxable entity information in the Set Up Company Info screen in Costpoint General Ledger. The taxable entity description will display in the field next to its code.
Enter up to six alphanumeric characters that identify the locality you want, or use Lookup to select a locality code. This is a required field.
Enter up to 25 characters to describe this locality. This is a required field.
Enter up to 15 alphanumeric characters for the identification number that has been assigned to this company by the locality you entered. In many cases, that number will be similar to your Federal ID number.
Tax identification numbers can be found on quarterly forms and also on income tax withholding payment coupons. This is a required field.
Enter the general ledger account number to which local income tax withholding for this company will be posted, or use Lookup to select a general ledger account number. This is a required field. The account description will display in the field next to its code.
Enter, or use Lookup to select, the reference number that should be posted for local withholding amounts.
Enter, or use Lookup to select, the reference number that should be posted for local withholding amounts.
Enter, or use Lookup to select, the A/P vendor ID that will be used when creating A/P vouchers. When you use Lookup, only those vendor IDs who are not on "Hold," and whose PR Vendor checkbox is selected in the Maintain Vendors screen in Costpoint Accounts Payable will display.
Changes to this screen update the Multi-Company Local Tax Override (PR_MULT_CO_LCL_OVRD) table.