Setting Up User Defined Fiscal Classifications

 Set up user defined transaction fiscal classification codes to classify any tax requirement that you cannot define using the existing fiscal classification types. You can assign a country and tax reporting type code to each user defined fiscal classification code that you create. User defined fiscal classifications do not make use of sub-levels.

To set up a user defined fiscal classification:

1. Navigate to the Update User Defined Fiscal Classification page.

2. Enter a user defined fiscal classification code and name.

3. If necessary, enter the country that this user defined fiscal classification code applies to.

4. Enter the effective date range.

   Enter a date range that is within the date range of the user defined fiscal classification.

5. If you associated tax reporting types with fiscal classification, enter any applicable tax reporting codes. See: Setting Up Tax Reporting Types for more information.