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Question

Tax Report prepared and released too soon

  • November 10, 2023
  • 2 replies
  • 221 views
S
Freshman I

The prepare tax button and process/release was done mid month on accident. Now our GL is off and our generated AP bills are incorrect. Not capturing the second half of the month.

 

The only solution I can come up with is creating a manual AP bill to pull the rest of the sales tax due in, but is there any other way to reverse what has happenned in order to just start over?

 

Is there a way to capture the remaining tax due for October besides a manual AP bill?

 

What would the ramifications be of creating an additional AP bill to pull in the rest of the sales tax due? How does that transmit into next months Sales Tax Prep in ACM? Does it mess anything up if our generated Tax due in ACM does not match what we actually file and pay?

Thanks for any help!

    2 replies

    B
    Freshman II
    • bwong91
    • Freshman II
    • October 1, 2024

    Did you ever find a solution to this issue? I have a client who accidentally ran the Tax Report for the same Tax Agency twice last period and now processing this period accidentally ran it for next period because last period was closed at 0 transactions.

    Is the only solution to manually process the next several periods to get things back on track?

    H
    Freshman I

    Same here. I have a client that accidentally ran the report mid-month. Can they just re-run the report at the end of the month? I am guessing since the tax period is closed it just won’t pull anything more. There should be a way to fix this, like an interim tax period or something. I have seen solutions that mention doing a short tax year then restarting essentially, but if the tax period for the current period is already closed I don’t think a duplicate can be made for the rest of the transactions. Would the rest be pulled into next month’s report or are they essentially orphaned?

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