Update Tax Lines for Tax Point Date Adjustments

You can update tax lines for tax point date adjustments. Perform these steps to update tax lines:

1. Navigate to the Scheduled Processes work area, and search for the Process Tax Point Date Adjustments task. The Process Details dialog box appears.

2. On the Process Details dialog box, enter values for the parameters in this table:

   Parameter	Description
   Legal Entity	The legal entity in which the transactions were created
   Tax Registration Number	The first-party tax registration number of the transactions
   Source	Payables or Receivables
   Process Type	Manual or Import. Select Import to process updates made using a spreadsheet.
   Processing Mode	Draft or Final.
   From Transaction Date	The earliest transaction date to be considered
   To Transaction Date	The latest transaction date to be considered
   From Accounting Period	The earliest accounting period to be considered
   To Accounting Period	The latest accounting period to be considered

3. Click Submit.

Submitting the process in Draft mode provides a list of transactions for which the tax point date of the tax lines is updated. The tax periods for which the reporting may need to be re-processed as a result of the changes are also displayed.

Caution: The Draft mode is not available when the Process Type is Import.

Submit the program again in Final mode to perform the updates. The Tax Point Date History field on each transaction line processed is also updated with a record of the change.

Accounting Entries

The Process Tax Point Date Adjustments does not change the accounting entries of the transactions. Any changes related to accounting entries must be performed manually.