Hello
I have running the sales tax payment for a period of 6 months, and it is the Swedish VAT report.
When reconciling the GL accounts I have noticed that during 2 months the GL accounts for dedubtible purchase VAT was not cleared out properly. There seem only to have been posting the reversal of a minor part of the months transactions, meaning there was a remaining amount at month end left. This VAT account is reversed to a settlement account and not to the tax authorities.
For example:
In May I have noticed a total of 5 200 350 on the VAT account for deductible VAT. When running the tax sales report only 5 122 345 is settled against the settlement account.
- What reasons can there be for the sales tax report not clearing the VAT accounts properly? Can a reason be that running the report and AX stops responding causing any problem?
- Can there be amounts from previous periods effecting the sales tax report clearing?
- Can the reason be postings without sales tax codes being done directly to the GL account?
- Thank you in advance for tips in this matter.
Thank you in advance
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