Updating tax transaction status

You can run Tax Analysis Report (TX100) to list historical tax information and to update the status of current tax transactions.

Current tax transactions can have one of two statuses:

Created (status of 0)
Reported (status of 1)

Every time you run TX100, the program updates the status of tax transactions from created to reported. Most companies run TX100 at the end of each month.

When you run TX100, you can select whether to include taxes that are payable or taxes that are due. You can also print the report within a range of tax point dates.

This procedure gives instructions for updating tax transaction status using TX100.

Update tax transaction status

Access Tax Analysis Report (TX100) .
Select Y (Yes) in the Update Option field to update the current transactions that have not yet been updated.

The transactions that are updated will not be included when TX100 is run in the future if you select Yes in the Current Tax field.
Run TX100 to update the status of current transactions.