Modify Tax Transactions
Explanation
This activity is used to modify tax transactions once they have been fetched
into the tax ledger. Tax transactions that are not reported (i.e., the tax transactions
for which the Is Reported option is disabled in the
Tax Transactions window) are modified in
the Tax Transactions window or the
Modify Tax Transactions
dialog box. Tax transactions that are reported can be modified only in the
Modify Tax Transactions
dialog box.
Note: If 1099 income is reported the date/period range for
which the income amount should be calculated can be specified via the
Calculate Income Amount dialog box.
Prerequisites
- Tax transactions which have been fetched into the tax ledger must exist.
- If tax code, delivery type, tax liability date and/or tax number are
to be modified, the relevant options must be enabled in the
Tax Ledger Parameters
window to enable the required changes. (Refer Enter Tax Ledger Parameters.)
- If tax invoice related information is to be modified, the Is Reported
options must be disabled for the tax transaction to be modified.
- If tax withholding certificate related information is to be modified,
the Is Reported option must be disabled for the tax transaction
to be modified.
- The tax transactions which are to be modified must have the Is Part
of Tax Ledger option enabled in the Tax
Transactions window.
- The tax transactions which are to be modified must have the Include
in Tax Proposal option enabled in the
Tax Transactions window.
System Effects
| |
System Effect |
| The tax transaction is not reported |
The Tax Transactions
window will be updated with the modifications you make. |
| The tax transaction is reported |
Two new tax transactions will be automatically
created and they will also be included in the tax proposal. |