Hello Linkies,
I have been trying to record the taxes payable and claimable by created SO/AR Invoices & PO/AP Bills, but not able to show it up on the Prepare Tax Reports (TX501000) form nor on the Tax Summary/Details reports. Kindly let me know what I am missing here.
The Tax Periods are also open.
Thanks in advance.
Best answer by Laura02
Hello
Below are a few configurations you can check; these are prerequisite setting necessary for preparing tax reports.
Have tax reports been configured in Taxes — Preferences — Reporting Settings/Reporting Groups screens?
In Taxes screen, Tax Schedule tab, is the Reporting Group populated with a valid Reporting Group?
Are the tax agency Vendors identified as Tax Agencies on the General tab of Vendors screen, Vendor Properties area? Is the Tax Agency tab of Vendor Profile , Tax Report Settings area completed correctly?
+19Hello
Below are a few configurations you can check; these are prerequisite setting necessary for preparing tax reports.
Have tax reports been configured in Taxes — Preferences — Reporting Settings/Reporting Groups screens?
In Taxes screen, Tax Schedule tab, is the Reporting Group populated with a valid Reporting Group?
Are the tax agency Vendors identified as Tax Agencies on the General tab of Vendors screen, Vendor Properties area? Is the Tax Agency tab of Vendor Profile , Tax Report Settings area completed correctly?
Hello
Similarly, I have defined the Tax Payable/Claimable accounts under the Tax Agency Tab -> Vendors screen.
Still not able to show up the details on the Tax Reports.
Hello
Thank you for your guidance.
I am having the same issue with tax report, after 1 month of transactions from a recent Go Live…
Can you please let me know what you did to fix this?
If cash basis, will need to run Recognize Input GST (ScreenId=TX503500) and Recognize Output GST (ScreenId=TX503000) processes first before running the Prepare Tax Report process.
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