KRISHNAMOHAN JOSHI

FUSION TAX

The following is the Enterprise Structure which we would be implementing

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1) Create Implementation project

Navigate to Setup and Maintenance

Manage Implementation Projects

Give the Name USB Project

Select the Offering for Implementation

Save and open project

2) Create the Enterprise Structure

Click on Setup and Implementation

Tasks (Book Icon)>Manage Implementation Projects

Click on USB Project

Under the Tasks Lists and Tasks

Query for "Initial Configuration"

For the "Initial Configuration" click on + (Add)

Query for Tasks "Establish Enterprise Structures"

Give the name and description and proceed further

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Manage Divisions

Click +

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Manage Legal Entities

Create Business Units > manually create the Business units

Then Manage Business Units

Manage Reference Data Sets

Take the default ones

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Manage Business Unit Set Assignment

Manage Reference Location Set

Review Results before final save

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Save and Close

Now Load the Enterprise Configuration

The status should be shown as “Loaded” your Enterprise Structure

Please note that from Enterprise Structure Configuration it is only permitted to load one
Enterprise Structure if you wish to load more Enterprise structures for other countries you
can use the FBDI/Rapid Install method for creating Enterprise Structure.

Ensure to setup the Geography the country for which Enterprise Structure is defined
Under Manage Geographies

3) Implementing General Ledger

Creating Chart of Accounts

Search for tasks 'Manage%Chart%of%Account%'

Click on go to task

Create Value Set for 3 segments Company, Department, Account

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Save and Close

Save and Close

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Save and Close

Create Chart of Accounts Structure with 3 segments Company, Department, Account

Go to the task Manage Chart of Account Structures

Click on Manager Structures

Click +
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Save

Click +

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Save and Close

Click +

Save and Close

Click +

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Save and Close

On the create Flex field Structure screen Save and Close

Create Chart of Accounts Instance

Click on Manage Structure Instances

Click +

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Ensure to have the required option enabled for all the 3 segments

Save and Close

See to it that the Instance is created

Deploy Chart of Accounts

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Click on Deploy Flex Field

Ensure that the Deployment Status is done

Enter values for the value sets

Click on Manage Chart of Accounts Value Set values

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Click on Manage Values

Click +

Save and Close

Save and Close

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For Company =10

For Department=BBU

For Account (10001=Asset, 20001=Expense, 30001=Liability, 40001=Owner's Equity,

50001=Revenue)

Create accounting Calendar

Search for tasks 'Manage%Account%Cal%'

Click on go to task

Manage Accounting Calendars

Click +

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Click Next and Save

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Enable Currency

Search for tasks 'Manage%Curr%'

Click on go to task

Manage Currencies

Ensure that Currency USD is enabled and Save and Close

Define Legal Address (if not defined)

Manage Legal Addresses

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Define Legal Jurisdiction

Click Manage Legal Jurisdictions

Click +

Save and Close

Define Legal Entity (if not defined)

Manage Legal Entity

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Define Legal Entity Registration (if not defined)

Click Done

Define Primary Ledger

Search for tasks 'Manage%Primary%Ledger%'

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Click on go to task

Manage Primary Ledger

Click +

Save and Close

Assign Legal Entities

Click on go to task

Save and Close

Specify Ledger Options

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Click on go to task

Save and Close

Review and Submit Accounting Configuration

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Click on go to task

Click Submit

Once submitted go to Navigator Scheduled Processes

Ensure that the Accounting Configuration processes have status "Succeeded"

Assign Roles

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Login as

UID=it_security_manager

Go to User =Finuser1

Add Roles

General Accountant

Controller

Financial Analyst

Assign Data Access

Login as

UID=application_implementation_consultant

Click on go to task

Manage%Data%Acc%User%

Go to task on Manage Data Access for users

Click +

General Accountant

Controller

Financial Analyst

Once submitted go to Navigator Scheduled Processes

New processes = Retrieve Latest LDAP Changes

Submit

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Open Periods

Login as the user Finuser1 to which you have granted the roles and data access

UID=finuser1

Go to period close in navigator

Enter and Post Journals

Go to General Accounting > Journals

Click on the book icon

Create Journals

Check the posting status

4) Assign business functions to Business Unit

Log in as application_implementation_consultant

UID=application_implementation_consultant

Search for tasks 'Assign%Business%Fun%'

Click on go to task

For "Assign Business Unit Business Function"

Save and Close

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Go to task Manage Business Units

Query your BU and ensure that a valid Location is added to BU

Save and Close

5) Setting up Payables

Manage Payables Calendars

Create calendar of type General Purpose for withholding

Save and Close

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Manage Payment Terms (this is optional)

Manage Common Options for Payables and Procurement

Save and Close

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Manage Invoice Options

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Save and close

Manage Payment Options

Save and Close

Manage Tax Reporting and Withholding Tax Options

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Save and Close

Manage Payables Profile Options (It is optional)

6) Creating Suppliers

Log in to FINUSER1

Go to Navigator Procurement> Suppliers

Ensure that you have “Supplier Administrator” and “Supplier Manager” Role added to
the FINUSER1

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Save and Close

Switch to user application_implementation_consultant

Query for %Payables%

Manage Procurement Agents

Click +

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Save and Close

Now Query the Supplier from FINUSER1

And Create Site

Save and Close

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Save and Close

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7) Setting up Tax

Log on to application_implementation_consultant

Query for ‘Tax%Configuration%’

Click on Define Tax Configuration

Manage Tax Regimes

Save and Close

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Manage Taxes

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Save and Close

Manage Tax Statuses

Click +

Save and Close

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Manage Tax Jurisdictions

Click +

Save and Close

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Manage Tax Rates and Tax Recovery Rates

Click +

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Create a Tax Recovery Rate

Ensure to set the Rate Type at the Header as “Tax Recovery Rates”

Click +

Save and Close

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Manage Party Tax Profiles

Search For=Legal Entity Tax Profile

Save and Close

Search For =Legal Reporting Unit Tax Profile

Save and Close

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Search For = Business Unit Profiles

Save and Close

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Search For = Third-Party Tax Profiles

Save and Close

Manage Tax Rules

Create a Determining Factor Set from Rule creation page

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Create a Tax Condition Set from Rule creation page

Submit

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Enable tax for Transactions

Please note that, the default tax rate should not have any jurisdiction attached to it.
The default tax rate should be defined for NULL jurisdiction. Then, it will allow

To enable tax. Else there will be an error

[[

You must first define a default tax rate for the tax before enabling the tax. (ZX-885161)

]]

Manage Configuration Owner Tax Options

Click +

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Save and Close

Manage Tax Simulator Transactions

Click +

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Save

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View Tax Lines

8) Open Payables Period

Log on to FINSUER1

General Accounting > Period Close

Open the First Period Jan-18

Request will be fired

Open the Target Period in this case DEC-18

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Now create a manual AP invoice

Payables>Invoices

Go to Task Create Invoice

Save

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