Transactions in the tax difference journal are created on the basis of the results of the following register calculations:

  • Calculation of temporary tax differencesregister

  • Calculation of constant tax differencesregister

Before creating the tax difference transactions journal, the journal register must be created for the period in which the amortization is carried out, and the registers must be calculated. The Calculation of temporary tax differencesand calculation of constant tax differencesregisters must both be approved in the journal.

  1. Click General ledger> Journals> Tax register journal> Lines.

  2. Select the Calculation of temporary tax differencesjournal line, and then click Register calculation> Calculate currentto calculate the register.

  3. Then, select the Calculation of constant tax differencesjournal line, and click Register calculation> Calculate currentto calculate the register.

    Note Note

    After calculation, the status of the registers is displayed as Calculatedin the Statusfield.

  4. After calculating the registers, select the Approvedcheck box to approve the registers.

  5. In the Employeefield, view or modify the code of the employee who approved the registers.

  6. Press CTRL+S or close the form to return to the Tax register journalform.

  7. In the Tax register journalform, press CTRL+S to save the settings, and then click Ledger journal> Tax differences.

  8. In the Journalform, click Create> Create journalto create a new journal with journal lines based on the register data and the assigned compression level.

    Note Note

    To view the created journal lines, click Lines.

  9. Click Post> Postto post the transactions with tax differences in the specified ledger accounts.

    Note Note

    In the Journalform, the Postedfield is activated after the journal is posted.

  10. Press CTRL+S or close the form.

See Also