Question

Canadian Tax (Debit Adjustment generated)

  • 13 September 2022
  • 0 replies
  • 40 views

Hi. Under Canadian taxes, after the tax report has been prepared and release, the system creates a debit adjustment. The reason might be because the Net tax amount is negative. Because you know usually, AP bill will be created containing the total tax amount to be paid. 

As for this debit adjustment, should it be closed normally by applying it to a bill that of course I’ll have to manually create first. I just want to confirm. Thanks in advance. 


0 replies

Be the first to reply!

Reply


About Acumatica ERP system
Acumatica Cloud ERP provides the best business management solution for transforming your company to thrive in the new digital economy. Built on a future-proof platform with open architecture for rapid integrations, scalability, and ease of use, Acumatica delivers unparalleled value to small and midmarket organizations. Connected Business. Delivered.
© 2008 — 2024  Acumatica, Inc. All rights reserved