| | Balancing tax accountsDifferences between Infor LN FP2 and Infor LN FP3. Infor LN FP2 In Infor LN FP2, the individual tax accounts are balanced through one interim tax
payment account, regardless of whether the balance is positive or
negative. Infor LN FP3 In Infor LN FP3, to meet legal requirements in Portugal, the following
functionality is implemented: - You can use an additional interim tax balancing account.
- Two separate interim tax ledger accounts are available to
distinguish tax payable and tax recoverable.
To support the new interim tax accounts, the following fields
are added to the Tax Declaration Master (tfgld1620m000) session: Interim Tax Payable Account If the net VAT amount of the declaration is less than zero, LN uses the Interim Tax Payable Account. Interim Tax Recoverable Account If the net VAT amount of the declaration is greater than or
equal to zero, LN uses
the Interim Tax Recoverable Account. Use Tax Balancing Account To use an additional tax balancing account, select this check
box. Tax Balancing Account If you select the Use Tax Balancing Account check box, this field must contain the
additional tax balancing account.
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