Allow GL entries to be included in the tax services
Presently, only transactions that are in AR or AP are covered by tax tracking. However, there are some transactions that are entered directly in GL (GL entries) that need to be covered by tax entries. As such, the tax tracking report will not be complete since it does not include these transactions.
by: Emilio V. | over a year ago | Financial Management
Comments
Many ERP suites manage tax from the GL.
It would be useful to include a tax concept inside the GL journal - in GL options a switch to turn on 'GL Tax', then the GL journal allows tax entries, that follow the same rules as AP or AR, but using debit and credit columns.
One option - make an entries screen in Tax Services for adjustments, and it feeds the GL. You then make all tax accounts control accounts and don't allow GL entries.