NEW TAX REPORTING SYSTEM
The new tax report now lets you breakdown the tax amounts as well as the related sales figures (sales) by tax code, by making a general journal entry and creating a deposit manually. Moreover, it is now possible to apply an amount to net purchases. And since the government bodies require more complex remittance reports, Dynacom Accounting makes it more convenient to complete these forms properly by offering an easier access to this information.
The tax report redesign now lets you:
- Breakdown the tax amounts as well as the related sales figures (sales) by tax code
- Apply an amount on net purchases with complete justification
- Detail the information by government body
- Display a summary of the analysed amounts
Changes affecting the production of the tax report are found mainly in the following areas:
The software settings
2 new settings have been added to activate this feature:
- Activate sales figures allocation in the Tax Report (Configuration / Settings / Accounting / General Ledger menus)
- Use the amount to affect to Purchases in the Tax Report (Configuration / Settings / Accounting / General Ledger menus). This setting cannot be activated without activating setting 1 first.
The software maintenance screens
Tax Code and Tax Group maintenances
- The Code field displayed in the Tax Code and Tax Group maintenances has been expanded to accommodate more than ten (10) characters.
The Tax Group maintenance
- An Inactive status indicator has been added
- A Date range which will act as a filter in transaction screens has been added
The software transaction screens
General Journal
- A new control has been added to enter the amount to affect to Purchases (without breakdown). Will appear only if the Use the amount to affect to Purchases in the Tax Report setting is activated.
- A new button has been added to display the amount breakdown according to the codes related to the GL accounts used in the General Journal entry. Will appear only if the Activate sales figures allocation in the Tax Report setting is turned on.
Invoice, Deposit, Write Check, Expense Entry, and Purchases screens
- A new control has been added to The Tax Detail screen to display the full amount
- A new column has been added to breakdown the sales figures by tax code
The Sales Figures and Tax Reports
The Tax Report
- The ability to group the detail section by government body when the option Activate sales figures allocation in the Tax Report is set at "Yes"
- A sales breakdown summary grouped by government body has been added
- Allows drill-down on sales turnover figures (sales/purchases)
Sales Figures Report
- Ability to filter by tax code
- Ability to group by tax code