7 Set Up Your System for Tax Reconciliation

This chapter contains the topic:

• Section 7.1, "Setting Up Your System for Tax Reconciliation."

7.1 Setting Up Your System for Tax Reconciliation

To capture the information that the system needs to reconcile tax amounts to the transactions that generated the tax, you must perform the following setup procedures for the General Accounting, Accounts Payable, and Accounts Receivable systems:

System	Explanation
General Accounting	Set the processing option 6 for the Journal Entry program (P09101) to display the Pay Item field in the Debit/Credit format.
Accounts Payable and Accounts Receivable	Set the processing option 2 for the Accounts Receivable and Accounts Payable Journal Entry program (PO3101) to display the journal entries with Debit/Credit format on your entry forms.

You must complete the setup for tax reconciliation before you enter any business transactions.

See Also:

• Section 18.1, "Entering Transactions for Tax Reconciliation."

7.1.1 Processing Options

See Section 27.1, "Journal Entry (P09101)."

See Section 27.2, "A/R and A/P Journal Entry (P03101)."