Tax Charge Post Instructions

Use Tax Charge Post (also referred to simply as Charge Post) to post the pending tax charge transactions that were entered during Tax Charge Entry to the General Ledger.  When the process is complete, the Tax Charge Post Report prints the list of General Ledger Account Numbers and posted amounts.

Notes:

• Before running the Tax Charge Post program, print and verify the Tax Charge Journal Report.

• The Tax Charge Post uses the General Ledger Account Numbers assigned to the tax charge transactions in the TXCHARGE table.

• The setting for Itemize by Year? in the Company Control Options for the Tax System controls whether the year (YY) is used for the General Ledger Account Number suffix.  To see details, click More.

  If the setting is...

  • (N)o, then the entire General Ledger Account Number in the TXCHARGE table, including the YY suffix, is used for the transaction General Ledger Account Number.
    Example:  If the General Ledger Account Number in the table is 5003, then the transaction posts to General Ledger Account Number 5003.

  • (Y)es, then the YY suffix of the General Ledger Account Number in the table is replaced by the year portion of the Due Date entered for the transaction.
    Example:  If the General Ledger Account Number in the table is 5003, and the Due Date is 0104, then the transaction posts to General Ledger Account Number 5004.

   

• The Tax Charge Post program performs the following functions:

• Updates the balances (buckets) in the Tax Accounts.

• Creates tax detail transactions for the Tax Accounts, which are visible during Tax Master Maintenance at the Balances and Detail Tab.

• Purges the pending tax charge transactions created during Tax Charge Entry.

• Posts the total debits and credits to the General Ledger.

• Prints the Tax Charge Post Report.

• For more information about running reports, see Print View.

Directions:

• Click Tax Work from the Menu Bar; click Tax Charge Processing, and then click Charge Post.
  Keyboard shortcut:  [ALT] [a] [c] [p]

• At the prompt window, choose the selections.  To see the post prompt options, click More.

  Tax Charge Post Prompt Options
  Tax Charge Journal Print Complete	To confirm that you have printed the final Tax Charge Journal Report, click the box. Note:  If you leave the box blank, you can not run the post routine and the following message appears, when you click Print:
  GL Period	To specify which General Ledger Period to update with the tax charge amounts, click one of the periods in the drop-down list (1-13).
  Printer	Displays the default printer number.  For more information, see Printing Options.
  	To run the post routine and generate the report, click Print. Keyboard shortcut: [ALT + p]
  	To escape from the post routine, click Cancel. Keyboard shortcut: [ALT + c]

   

• To see the report sample, click More.

  Selection Parameters for this Report Sample:
  Tax Charge Journal Print Complete = selected	GL Period = 13

• To see descriptions of the report fields, click More.

  Tax Charge Post Report Fields
  G/L Acct #	General Ledger Account Number Note:  The program replaces the YY (Year) suffix of the General Ledger Account Number if the Itemize by Year? setting is in effect.
  Description	Prints the description of the General Ledger Account Number from the TXCHARGE table.
  Debit Amount	Prints the total of the Tax Charge Amounts that debit the associated receivables General Ledger Account Number.
  Credit Amount	Prints the total of the Tax Charge Amounts that credit the associated committed General Ledger Account Number.
  Totals	Prints the totals of the debit column and the credit column.
  Post Complete	Prints the completion date of the posting.