By completing this course, you will learn how to set up and use the Taxes subledger of Acumatica ERP for maintaining value-added taxes (VAT) and withholding taxes. The current version of the course is valid for Acumatica ERP 2023 R1.
Through the examples, you will learn how to perform the following tasks in Acumatica ERP:
- Configuring a tax agency account
- Creating tax zones and categories
- Configuring a tax report for the tax agency
- Creating VATs
- Processing taxable documents
- Paying taxes directly to the tax agency
- Preparing a tax report for the period
- Reconciling a tax report with the General Ledger module
- Releasing a tax report and closing tax period
- Preparing tax report revisions
- Configuring withholding taxes and reporting them to tax agency
- Adjusting VAT for early payments
- Creating taxable General Ledger transactions
- Configuring VAT variations