Setting the Tax Allocation for a Subsidiary

If you have a OneWorld account, you can set the tax allocation method for each subsidiary by going to the Invoice Preferences page. When you set the tax allocation method for a subsidiary, all invoices with an installment term use the same method. Each subsidiary can only use one method. When you click the Installments subtab, your available subsidiaries appear in the Upfront Tax Allocation list and the Split Tax Allocation list. Select the subsidiaries that you want to use for one of the two allocation methods.

To set the tax allocation method for a subsidiary:

1. Go to Setup > Accounting > Preferences > Invoicing Preferences
2. Click the Installments subtab.
3. From the Split Tax Allocation list or the Upfront tax allocation list, select the subsidiaries you want to associate with a tax allocation method.
4. Note: You can select more that one subsidiary for each method. Each subsidiary can only have one tax allocation method.
5. Click Save.

If you need to change the tax allocation method for a subsidiary, you can do so from the Invoicing Preferences page. The change is applied from that date forward.