B2B Processing
Business-to-business pre-processing helps Determination users running B2B transactions. In a B2B transaction where the calling application has the Buyer role, ONESOURCE Indirect Tax Determination can:
- Automatically locate the supplier.
- Determine by the supplier's registration and established authority data whether to levy Sales or Consumer's Use Tax.
- Determine where the tax is due.
- Determine what the tax rate should be.
The following diagram explains how tax is determined in a B2B purchasing transaction.