Tax Reconciliation by Taxable Account Report

As per the Tax Reporting User Guide,

Tax Reconciliation by Taxable Account report shall be used to report on taxable transactions in Payables, Receivables, and General Ledger. This report fulfills the legal reporting requirement for tax returns and tax audits for VAT accounting.

The Tax Reconciliation by Taxable Account report allows to:

• Prepare a tax return from a single source.

• Reconcile period-end taxable account balances to tax amounts.

The Tax Reconciliation by Taxable Account reports on all taxable transactions in a single report. The report prints for each transaction:

• Transaction source - Payables, Receivables, or General Ledger

• Accounting date

• Transaction date