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Vertex How To Guide
Vertex How To Guide
Manjula Malladad
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FIN (Finance)
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Corporations are required to collect and remit tax on the purchase and sales of goods and services. Such tax is collectively
termed Indirect Tax. It is levied by various tax regimes around the world and called by different names like Sales and
Use
Tax, VAT, GST, PST, HST etc. Orders and Billing transactions originating from ERP systems require computation of
indirect taxes. SAP Applications has some native functionality that assists with these computations. Complexity of tax
laws,
the number of jurisdictions and the ever changing rates and rules make it a cumbersome task to keep the tax system
organized
and updated.
Vertex is a tax compliance solution for Sales & Use Tax, GST, PST and HST and are built on the common platform of the
Transaction Processing Systems. Tax compliance is the process of billing, collecting and remitting the proper amount of
tax
to the taxing authorities. It also includes maintaining documentation and audit trails to justify tax activities to auditors.
Vertex
simplifies the process of compliance by accurately calculating the proper taxes and maintaining detailed reports.
Vertex calculates tax on financial events using the following general process:
Tax Accelerator is a solution to facilitate tax calculation and provide enhanced reporting for Cubic’s SAP instance &
Vertex.
It does not replace the standard Vertex SAP Interface Component (SIC) but it does replace the code within SAP. SIC is
still
used in conjunction with the Tax Accelerator to facilitate communications between SAP and Vertex O Series.
Tax Accelerator software is installed within SAP ECC that allows transaction information to be exchanged across Vertex
and
SD, MM, FI modules in SAP.
The Vertex SAP Interface Component (SIC) for SAP interfaces transactions from SAP modules to the Vertex O Services
Tax
Vertex Web Services include the software required to support the Calculation Engine, Vertex TaxGIS and Tax Situs via
XML messaging.
A set of standard data elements are available as part of the SAP Tax interface. They are automatically passed to Vertex
(via
Vertex Accelerator) to perform the tax calculation. Based on Cubic’s business needs, additional elements are needed so
that
an accurate tax determination can be made.
The data sent to Vertex are typically at the document header and the document line information. Vertex applies its tax
decision logic on the input elements and its configuration items and then returns a tax results with the relevant decision
a. messages.
Enter a valid User Name and Password to log in to access the following Home page:
Vertex Support Line
On the Home screen, the Support Line can be found in the upper-left corner. If Vertex support is called, they will ask
for
Product Version and Licensing and Configuration identified below.
Vertex Navigation Basics
Features in Vertex Central are organized under a series of menus. The main feature menus display across the top of the
Vertex Central window
Vertex Navigation Basics
Features in Vertex Central are organized under a series of menus. The main feature menus display across the top of the
Vertex Central window
Tax Setup features define the rules and relationships used to determine taxability and calculate tax amounts. The Tax
Setup
menu includes Taxability Categories, Taxability Mapping, Tax Assist and Flexible Fields.
Tools features are used to investigate and verify jurisdictional information and my enterprise and tax setup. The Tools
menu
includes Transaction Tester, Rate Lookup and Area Lookup. Additional information related these topics is
available on
the Vertex Indirect Tax O Series7.0 User Guide.
Reporting
Reporting features help Cubic collect and analyze information from the Vertex O Series databases. Further information
regarding reports can be found in the Vertex Indirect Tax O Series7.0 User Guide.