What is tax code determination order in SAP SBO - SAP Business One?

SAP Term: tax code determination order

• Component: SBO

• Component Name: SAP Business One

• Description: The position of the individual tax code determination rules within the overall hierarchy of tax determination rules.

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• Key Concepts: 
  Tax code determination order is a feature in SAP Business One (SBO) that allows users to define the order in which the system will search for tax codes when calculating taxes. This feature is useful for businesses that have multiple tax codes and need to ensure that the correct tax code is applied to each transaction. 
  
  How to use it: 
  To use the tax code determination order feature, users must first define the order in which the system will search for tax codes. This can be done by going to the “Tax Code Determination Order” tab in the “Settings” menu. Once the order has been defined, the system will automatically search for tax codes in that order when calculating taxes. 
  
  Tips & Tricks: 
  When defining the tax code determination order, it is important to consider how taxes are calculated in your business. For example, if you have multiple tax codes that apply to different types of transactions, you should prioritize those tax codes first when defining the order. 
  
  Related Information: 
  For more information on how to use the tax code determination order feature in SAP Business One, please refer to the official documentation here: https://help.sap.com/viewer/product/SAP_BUSINESS_ONE/9.3/en-US/f8d7f2b6a7c14e8a9f3d2b5f1e6c9a4d.html