Some countries used conditional tax.
Tax reversal with sales tax code for payment is generated during settlement process.
BUT no link exist between invoice and tax transactions.
Customers request a report to reconcile the tax ledger account and be able to link tax to initial invoice.
No such report provide good information.
Comments
Tax reconciliation for conditional tax is quite difficult.
We have no linked between conditional tax and payment tax. customer has to guess crossing several reports to justify ledger account for conditional VAT as we cannot know which invoice has been paid.
a report will help all customers using conditional VAT.
Category: Tax