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 2022 R2.
The course consists of step-by-step examples that you should complete. 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
