This Tax report is based on the 'Standard' Taxing method as set
in the Company Taxing Parameters and it
includes tax reporting on A/P invoices, A/P recurring invoices, A/R
invoice, customer invoices and/or G/L journals & checks, when
optional tax codes are assigned to the transactions.
This report is useful to assist with Australia's and New Zealand's
GST Business Activity Statement (BAS) requirements.
Note: The standard Taxes written-off and collected in the Bad Debts and Collections are always included in the 'Tax Activity Report' after posting.
All customer invoices processed through the Daily Close are
included in the sales tax calculation.
The Calculate Tax On flag in the Company
Taxing Parameters controls how the processing has been
activated and whether it automatically prompts for tax assignment
in A/P Invoices, A/P
Recurring Invoice, A/R Invoices,
and/or G/L Journals & G/L Checks.
This report is only available on the Menu tree if at least one
source option is selected in the Calculate Tax On settings
in the Company Taxing Parameters.
Then the tax information can be included in this Tax
Activity business statement based on the transactions that have
been manually given a tax code.
Transaction type INV will be classified as Collected on the report,
and types AP, CASH & CHK will be classified as Purchases.
Note: Any direct tax transaction postings (transactions that have been posted directly to a G/L account that is associated with a Tax Code) are not included in the report.
The prompts are:
Note: The report title includes a note whether taxes have been included or excluded.
Note: Using the Cash Tax reporting method this date range applies to the Date when the invoices were Paid which could be confusing on the output as the output prints the Document Date which could fall outside of the selected date range.
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