Access Journal records
To get to journal records, go to
Binders
, Open Binders
, and then Journal
.Charts
When adjusting journal records, you have the option in the
Charts
section to select a Default Exemption
chart and/or Rate Override
chart to be used in the compute phase for any adjusting records added.Default exemption
During the calculation of taxes, when you use a calculation code that calculates taxable and/or gross from tax collected or individual tax amounts, the system sometimes needs to calculate an exemption. The default chart's the Default Chart of Global Exemptions, which assigns these calculated exemptions to Other Exemption. Using a Default Exemption chart allows you to assign the calculated exemption to an exemption other than Other Exemption.
Rate override
In cases where jurisdictions provide late notices for rate changes which the system's unable to implement prior to release, and you have an agreement with a state or local authority to collect or pay a negotiated rate that differs from the published rate, using a Rate Override chart lets you process balance data using the rate override entries.