Need a confirmation : Combination Tax Point Basis = Payment & Account for Payment = at Clearing
Could you please confirm my understanding about Tax Point Basis setup described in the Tax Implementation Guide :
Comply with tax regulations by assigning the correct tax point basis for a tax. The value you select determines the event at which the taxes for an invoice are reported.The following table describes the tax point basis values:
Payment : If a tax on a purchase invoice has Payment as the tax point basis, then the recoverable tax is debited to an interim account on invoice accounting. On accounting for the corresponding payment, a proportionate tax amount is recovered and the same is reported as of that payment date.