Can we change 'Default Recovery Rate Code' in the tax rate code after it's been used on transactions
Summary:
Can we change 'Default Recovery Rate Code' in the tax rate code after it's been used on transactions?
Content (please ensure you mask any confidential information):
We have created a Tax Rate Code, with a Recovery 100 'Default Recovery Rate Code', which calculates 100% recoverable tax on AP Invoices. We have been using this configuration for couple of months now.
To address a new business requirement, can we now update the 'Default Recovery Rate Code' of the same Tax Rate Code with a Recovery 0 rate to ensure going forward our transactions would calculate 0% recoverable tax (non-recoverable tax) on AP invoices please?
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