Tobacco Product (OTP) State and Federal Tax Handler

This extension is designed to handle tobacco product regulatory requirements for both federal and state taxation. Solution can be setup with unlimited jurisdictions and rules. You can assign templates to items and use a worksheet to calculate taxes due to the federal jurisdiction. When using State Excise Tax, also known as SET, it is added to the sales document and is passed to the customer. With many different options you can direct the SET and FET taxes to different General Ledger accounts. All entries are logged and at the end of the month you can generate a report with all taxes due by product, by category or by tax bracket.