Tax Essentials

With Gotransverse Tax Essentials (also known as External Tax), you can create and manage tax tables and calculate taxes for products and services without the need for a third party tax service.

Refer to Tax Essentialsmicroservice to see the list of endpoints, methods, request and response payload examples, and to try out the microservice in a live mode.

Terminology

• Tax table — A container for storing tax table entries. Tax tables are used when configuring the External Tax processor.

• Tax table entry — Used for storing parameters for taxation. Each tax table entry is identified by the code which provides a way to link a tax table entry to the needed charge category that is later associated with taxable products. Also, tax table entry includes all details about the tax, meaning tax rate, type, level, and other parameters.

• Account category — Used to sort billing accounts by geographic location and type of account, control the terms of payment on a billing account basis, and restrict access to billing accounts or any other category that is appropriate for the needs of your company.

• Charge category — Provides a way to categorize prices and revenues. For example, you can group your prices and revenues by product or type of service for reporting purposes.

• Bill cycle — Used to view and define periods during which the usage information is collected to calculate the bill for a customer.

Refer to the following topics for more information:

 

 

 

Topic Updated: 2/2024.