Setting Up Document Fiscal Classifications

 Set up document fiscal classifications to classify transactions that require special documentation to accompany the transaction, as designated by the tax authority. For example, international transactions often require proof of export documentation to support the sale or transfer of goods; you can create a document fiscal classification code to confirm receipt of export documents. You can create sub-levels within a document fiscal classification code to identify details such as the tax authority requirements for document submission.

To set up a document fiscal classification:

1. Navigate to the Update Document Fiscal Classification page.

2. Select to create a new document fiscal classification code or a new sub-level under an existing document fiscal classification code.

3. Enter a document fiscal classification code and name.

4. If necessary, enter the country that this document fiscal classification code applies to.

5. Enter the effective date range.

   Enter a date range that is within the date range of the document sub-type fiscal classification, or the document fiscal classification code that this level belongs to.

6. If you associated tax reporting types with fiscal classification, enter any applicable tax reporting codes.