Tax Report Preparation: Tax Report for a Closed Period

You can prepare another revision of the tax report for a closed reporting period, for which a tax report has already been prepared (or multiple reports have been prepared). This functionality is available for tax agencies for which the Update Closed Tax Periods check box is selected on the Tax Agency Settings tab of the Vendors (AP303000) form. For details, see Tax Report Preparation: To Prepare a Tax Report for a Closed Tax Period.

To prepare a tax report for a closed reporting period, on the Prepare Tax Report (TX501000) form, select the required branch (if any), the tax agency, and the required closed reporting period. If new transactions were posted in the selected period, the Prepare Tax Report button becomes available on the form toolbar. Click this button, the tax report will be prepared and the Release Tax Report (TX502000) form will open, on which you can release the tax report.

Tax Report Revisions

When you have prepared a tax report for a closed reporting period, the revision number of this tax report changes (it is incremented by 1) in the Revision ID box on the Release Tax Report (TX502000) form. You can view each particular revision of the tax report by selecting the required revision number in this box:

• If you clear the Show Differences check box next to the Revision box, the tax report shows the amounts (tax and taxable) taken from the documents posted since the beginning of the tax reporting period (since the initial tax report revision) till the selected revision of the tax report.
• If you select the Show Difference check box, the tax report shows the amounts taken from the documents posted between the selected revision and the previous revision of the tax report.

You can prepare as many revisions of the tax report for the same (closed) reporting period as needed (for example, you can do it each time any documents are posted to the closed tax period).