List of Taxes Collected/Paid

OBJECTIVE

The List of Taxes Collected/Paid option is used to verify purchase, sales and journal entry transactions that affect the tax accounts. You can also create a disbursement when a payment is requested.

A summary by vendor is provided on the last page of the report to confirm the amounts due by general ledger account.

PREREQUISITE

Tax Code Table

Steps

maestro* > Accounting > General Ledger > Reports > List of Taxes Collected/Paid

Create a List of Taxes Collected/Paid

Select one or more Date Ranges.
Select the other choices based on specific requirements.

Field

Description

Detailed Format

Check box to print the details of all transactions.

NOTE: If the box is not checked, the system creates a summary report.

GL Account Grouping

Selects transactions based on the account group.

NOTE: This group was previously identified in Chart of Accounts for the general ledger account for taxes.

NOTE: If no groups have been created in Chart of Accounts, the system reads all transactions for the period, regardless of the group.

Generate Disbursement

Check box to create the disbursement when a payment is required.

NOTE: This disbursement is then available in the Enter a Direct Disbursement option.

NOTE: A supplier must have been identified in the general ledger tax account. If multiple tax accounts have the same supplier, the system creates a disbursement with the various accounts in the breakdown.

NOTE: The system asks you to confirm creation of the disbursement.

Disbursement Date

Date disbursement was created.

Field	Description
Detailed Format	Check box to print the details of all transactions. NOTE: If the box is not checked, the system creates a summary report.
GL Account Grouping	Selects transactions based on the account group. NOTE: This group was previously identified in Chart of Accounts for the general ledger account for taxes. NOTE: If no groups have been created in Chart of Accounts, the system reads all transactions for the period, regardless of the group.
Generate Disbursement	Check box to create the disbursement when a payment is required. NOTE: This disbursement is then available in the Enter a Direct Disbursement option. NOTE: A supplier must have been identified in the general ledger tax account. If multiple tax accounts have the same supplier, the system creates a disbursement with the various accounts in the breakdown. NOTE: The system asks you to confirm creation of the disbursement.
Disbursement Date	Date disbursement was created.

Click Accept.

List of Taxes Collected/Paid

OBJECTIVE

PREREQUISITE

Steps

Create a List of Taxes Collected/Paid

See also