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VCTV

View results in Model Scenario

To view the VCTV scenario results:
  1. Go to
    Tools
    ,
    Tax Tools
    , and the
    Model Scenario
    .
  2. Edit the scenario.
  3. Select the
    Results
     tab.
  4. Select
    Document Summary Info
    . This summary shows you the tax amounts and the settings applied to all the lines.
  5. Select
    Document Summary Info
     again to hide the VCTV document level summary information.
  6. Select a line in the
    Results
     grid.
  7. Select
    System Messages
    .
  8. Select
    Vendor Charged Tax
    . The
    Tax Details
     subtab provides a breakdown of the resulting tax calculations and related information for the line item you expanded, and
    Tax Authority
    , which provides a breakdown of the taxing authorities for the line item you expanded.
    1. VCT allocation
       - The VCT amount that was allocated for the line based on the amount specified in the scenario details.
    2. Determination calculated tax
       - The Determination calculated tax (DCT) amount for the line.
    3. Tax variance
       - The difference between the DCT amount and the VCT amount for the line (DCT - VCT).
    4. Pay to vendor amount
       - The amount to pay to the vendor for the line. This amount depends on your specific VCTV settings (such as the accrual settings).
    5. Accrual amount
       - The amount to be accrued for the line based on your VCTV settings.
    6. Allocation method
       - The allocation method used, if relevant.
    7. Direct pay permit
       - The amount affected by a direct pay permit. N/A displays if there's no direct pay permit.

This article applies to:

  • Product: ONESOURCE Determination, ONESOURCE Indirect Tax