Enter Tax Ledger Parameters

Explanation

This activity is used to enter basic control parameters for the tax ledger.

Using this activity, you can:

Specify that the system delete any tax transactions that have a False status. i.e. invoice tax transaction when tax method is payment
Define the output file directory to store tax report files.
Specify whether the system should allow the tax number, tax liability date, tax code, delivery type, income type and the legal identity of a tax transaction to be changed once it has been fetched to the tax ledger.
Specify the method to be used when calculating the tax base when the deductible percentage of the tax amount is less than 100
Specify whether the cancelled invoices should be included in tax proposals.

N/A

As a result of this activity:

If you specified that tax transactions with a False status should be deleted, tax reports will not include those transactions.
Tax report files can be saved to the specified output file directory.
The possibility to change information relating to tax transactions in the Tax Transactions window will be determined by the parameters specified in the Tax Ledger Parameters window.
The tax base amount will be based on the value you have selected for the Tax Base Amount field.
If you enable the Include Cancelled Invoices option, the cancelled invoices will be included in tax proposals.