Sales Tax Adjustments: To Reverse a Tax Adjustment Document

On the Tax Adjustments (TX301000) form, you can reverse a released tax adjustment document in the system.

To Reverse a Tax Adjustment Document

1. Open the Tax Adjustments (TX301000) form.
2. In the Type box in the Summary area, select the type of the document that you want to reverse.
3. In the Reference Nbr. box, select the reference number of the required document.
4. On the form toolbar, click Reverse.
   Note:

   You can reverse a document only if its tax period has the Prepared status. Use the Tax Periods (TX207000) form to review the status of a required tax period.

   The system creates a copy of the original tax adjustment document and displays it on the current form. In this reversed tax adjustment, the system inserts the same values with the opposite signs for the following UI elements: the Amount box in the Summary area, and the Taxable Amount and Tax Amount columns in the tax adjustment lines. The created tax adjustment is assigned the On Hold status. You can change the taxable amount and tax amount, if needed.

5. On the form toolbar, click Save, and then click Release to save and release the tax adjustment.