Enter Tax Ledger Parameters

Explanation

Use this activity 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 and the delivery type 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.

There are no prerequisites for performing this activity.

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 select the Include Cancelled Invoices check box, the cancelled invoices will be included in tax proposals.

Open the Tax Ledger Parameters windows.
Specify whether tax transactions with a False status should be deleted.
In the Output File Directory field, enter the directory in which tax report files are to be stored.
Select the Allow Change of Tax Number check box if you want to make it possible to change the tax number of a tax transaction in the Tax Transactions window once the tax transaction has been fetched to the tax ledger.
Select the Allow Change of Tax Liability Date check box if you want to make it possible to change the tax liability date of a tax transaction in the Tax Transactions window once the tax transaction has been fetched to the tax ledger.
Select the Allow Change of Tax Code check box if you want to make it possible to change the tax code of a tax transaction in the Tax Transactions window once the tax transaction has been fetched to the tax ledger.
Select the Allow Change of Delivery Type check box if you want to make it possible to change the delivery type of a tax transaction in the Tax Transactions window once the tax transaction has been fetched to the tax ledger.
Select the tax base amount to be considered if the tax amount is not fully deductible.
If you want your tax reports to include cancelled invoices, select the Include Cancelled Invoices check box.
Save your changes.