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Adding a new distribution schema (Tax Management use case)

Version: V4.2
Added on: 06/25/15
Difficulty:
Time: 30 min
Category: Tutorials

Prerequisite Tutorials

Name Added On Difficulty Time Required Description
How to add a new distribution schema 04/02/15 15 mins This tutorial will help you to learn how to add distribution schema.
How to create a new holding account 06/18/15 15 mins This easy tutorial will teach you how to create a holding account on Distribution perspective.

Useful Terms

Adding a new distribution schema (Tax Management use case)

  1. Are you ready?

    In this tutorial we are going to learn how to add a new distribution schema for tax management. This schema is used in case when, for example, fitness center needs to store charged taxes on a separate bank account. In addition, certain reserve amount has to be sent to another bank account.

    We will use the following parameters:
    Name: Tax Management

    Account type: Any
    Rate: 100
    Source: Total Fee
    Destination: Convenience Fee Balance

    Account type: Any
    Rate: 100
    Source: Total Tax
    Destination: Holding account => Local Tax A

    Account type: Any
    Rate: 10
    Source: Remaining Net
    Destination: Holding account => Reserve A
  2. Log in to the system using your Username and Password and switch to the Management => Portfolio Perspective.

    Note: To learn how to log in and select perspectives, use the prerequisite tutorial Logging in and navigating the application.
  3. Click   Distributionsbutton in the top section of the screen.
  4. Click   Addbutton
  5. Locate   Detail  groupbox
  6. Enter Tax Management into the Nametextbox
  7. Locate   Active  checkbox and check it off.
  8. Locate   Rules  groupbox
  9. Select Any in Account Typecolumn
  10. Enter 100 into the Ratecolumn
  11. Select Total Fee in Sourcecolumn
  12. Select Convenience Fee Balance in Destinationcolumn
  13. Now, let's create the second rule.
  14. Click   Rulebutton
  15. Select Any in Account Typecolumn
  16. Enter 100 into the Ratecolumn
  17. Select Total Tax in Sourcecolumn
  18. Select Holding Account in Destinationcolumn
  19. Select Local Tax A in the dropdown next to the Holding Account.
  20. Now, let's create the third rule.
  21. Click   Rulebutton
  22. Select Any in Account Typecolumn
  23. Enter 10 into the Ratecolumn
  24. Select Remaining Net in Sourcecolumn
  25. Select Holding Account in Destinationcolumn
  26. Select Reserve A in opened dropdown to the right.
  27. After you are done, your screen will look similar to the screenshot.
  28. Click   Savebutton
  29. Congratulations, you are done!

    Now you know how to add new distribution schema for tax management. Now, let's learn how to attach a distribution schema to a merchant.

Related Tutorials

Name Added On Difficulty Time Required Description
How to attach a distribution schema to a merchant 04/02/15 15 mins In this tutorial you will learn how to attach a distribution schema to a merchant.
Adding a new distribution schema (Convenience Fee Handling use case) 06/24/15 30 mins This tutorial will help you to learn how to add distribution schema for convenience fee handling.

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