Use this form to calculate the sales tax that is due for a given
period.
The settlement calculation includes the posted sales tax for the
selected settlement period for the tax transactions in the
form. The calculation only includes the sales tax that has not
yet been paid to the sales tax authority.
You can make several payments for a single period. To post the
settlement automatically, specify a number sequence for the
voucher on the
tab in
the
form.
If you have created a vendor account for the sales tax authority
on the settlement period, a vendor transaction is created
automatically when you select the
check box and
click
OK. If no vendor account is specified, an
employee must manually create a payment to the sales tax authority
to pay the sales tax owed for the settlement period.
Tip
To report the sales tax payment correctly to the sales tax
authority, select the correct report format in the
field on the
form.
To print or view the settled sales taxes for a settlement
period, specify the report details in the
form.
Navigating
the form
The following table provides descriptions for the controls in
this form.
Fields
Field
Description
Select the settlement period for which you are calculating the
sales tax payment.
Specify the first day of the sales tax settlement period to be
calculated. This corresponds to the date in the
field on the
form.
Specify the date for which the sales tax report is calculated.
The default value is the system date, but you can change this
date.
For example, if you enter the end date of the settlement period
that is used in the
field – the
field on the
form – the sales tax payment is calculated for all transactions
that are posted in the settlement period.
Select the kind of transactions to include in the sale tax
payment calculation:
- Sales tax
transactions of the first posted settlement calculation for the
period interval.
- Sales tax
transactions not included in the first posted settlement
calculation for the period interval. The report includes all
subsequent payments that are posted for the settlement period.
-
Sales tax transactions included in the most recent settlement
calculation made for the period. If you select the
check box and
this option, the settlement calculation of the current job is the
most recent settlement calculation.
- All sales
tax transactions to be settled in the current period.
Note
This field is not available if you select the
check box on
the
tab of the
form.
Select this check box to post the sales tax payment calculations
for the settlement period.
Tip
Navigating
the form
Note
