When your organization is located outside the United States, you must use International Tax and Yardi Voyager Accounting. This article describes adding a tax rate when using International Tax. For more information about adding a domestic tax code, see Adding a domestic tax code to a property.
When you add an international tax rate, you add it at the system level and apply it to the GL accounts you want to be taxed. Whenever a charge is created, Kube automatically applies tax to the charge if the charge's charge code is linked to a GL account that is taxed.
This article is part of the Kube accounting setup flow. For more information, see Kube setup checklist.
NOTE: If you want to tax late fees, setup fees, and security deposits, make sure the charge codes used for those types of charges are linked to a GL account that is taxed. For more information, see Setting default system GL accounts and charge codes.
To add an international tax rate
Log in to Yardi Voyager Accounting to add or edit your tax authorities and to complete additional tax configuration. For more information, see the "Tax Setup" section in the Yardi Voyager International User’s Guide in Client Central.
NOTE: You cannot complete the following steps until you complete this step. Contact your Yardi Voyager Accounting representative to start this process.
In Kube, select your Personal Profile in the top menu and select System Settings from the drop-down menu. The Operator Profile screen appears.
Select Accounting in the side menu and select the Tax Rates tab.
Click the Add button.
Complete the fields. For field descriptions, see the New Tax Rate Screen Reference at the end of this article.
Add GL account ranges in the From Account and To Account fields.
TIPS:
To select a single GL account, enter the same account in the From Account and To Account fields. If you want to add multiple GL account ranges, click the Add Account button to add another row of GL account ranges.
For the tax rate you are adding, GL account ranges cannot overlap and you cannot select the same GL account in multiple From Account fields or To Account fields. For each tax authority, you cannot include multiple tax rates for the same GL accounts in the same date range.
Click Save.
TIP: The next step in the Kube accounting setup process is to add bank accounts. For more information, see Adding a bank account.
New Tax Rate Screen Reference
Code | Tax code name that internal users see. Enter a maximum of eight characters.
CAUTION: Do not include special characters. |
Tax Authority | Who the tax is being paid to.
NOTE: Tax authorities must be set up in Yardi Voyager Accounting for them to appear in the drop-down menu in Kube. See Step 1 in the instructions above. |
Date Range | Date range during which the tax applies. If the tax does not expire, leave the Date To field empty. |
Tax Field(s) | Percentage of the tax.
NOTE: You can include four decimal places in the tax rate. For example, you can add tax rates such as 7.5%, 10%, and 4.5538%.
The number of tax fields that appear is determined when you set up your tax authorities in Yardi Voyager Accounting. For more information, see Step 1 in the instructions above. |