TaxReporting

This component runs the Tax Reporting (REPTXR) process and provides a flexible reporting mechanism that allows you to report on the tax transactions, and the related 'taxable' gross and net values. Tax Reporting (REPTXR) allows you to produce tax reports in a variety of different formats, depending on the reports defined using Data Source Designer.

Two tax report formats are provided as standard with Financials:

Tax Listing Detail Report (Document Format TL1) - this report analyzes the tax transactions by transaction reference, for example by invoice number. Each transaction reference is printed on a single line containing the gross, net and tax values.

Tax Listing Summary Report (Document Format TL2) - this report analyzes the tax transactions according to the account code to which the gross taxable value has been posted, typically the debtor, creditor and client accounts. For each account it identifies the gross, net and tax values.

Nota: These tax reports are defined using Report Designer. You can use Report Designer to amend these reports, or define different reports. However, you should be aware of how the tax reports extract, analyze and summarize the tax related transactions.