Tax Analysis Report
Use the Tax Analysis report to review purchases, sales, and associated taxes.
You can also use this report to review originating vendor tax entries for employee expenses, AP vouchers, and AP disbursements.
This report is available only if you select the Enable Tax Auditing Feature option on the Options form in .
The report is available in
(an Accounting report) and on the Review tab in in the desktop application.Leading Zeros in Voucher Numbers
If your enterprise uses leading zeros in voucher numbers but you do not want to display the zeros on the report, set the Display Voucher Number Leading Zeros option to No on the Options tab of the Accounts Payable form ( ).
Leading Zeros in Invoice Numbers
If your enterprise uses leading zeros in invoice numbers but you do not want to display the zeros on the report, set the Display Invoice Leading Zeros option to No on the Options tab of the Accounts Payable form ( ).
Cash-Basis Setting
To run this report as a cash-basis report, you must set Cash-Basis Reporting to Yes on the Options form in .
Retainage Invoices
This report shows retainage invoices that include tax amounts. Because the retainage invoice number is the same as the number of the original invoice from which it was withheld, Vantagepoint displays Retainage Billing in the Description column to identify the retainage invoices.
The report does not show retainage invoices for which no taxes are due.
Reverse Charge Taxes
If you use reverse charge taxes (you specify a tax code as a reverse charge tax in the Non-Recoverable Tax section on the Options tab in Reverse Charge Tax column on the Tax Analysis report, you must select it on the Columns tab of the Tax Analysis report Options dialog box.
), to include theMultiple Companies
If you use multiple companies, only information for the active company is included in this report. As a result, if you have projects for which lower levels in the work breakdown structure belong to companies other than the company that owns the project, billing transactions associated with those levels will not appear on this report when you generate it for the company that owns the project. To see those transactions, generate the report for the company to which the lower work breakdown structure level belongs.
Multiple Currencies
If you use multiple currencies, you can see display net amounts, tax basis amounts, and tax amounts in any of the following currency types:
- Transaction currency: If you use the transaction currency, you also indicate if you want to include all currencies or only selected currencies. Vantagepoint then limits the transactions on the report to those with the specified transaction currencies.
- Functional currency: If you use the functional currency, the report displays the amounts in the functional currency of the active company.
- Tax currency: If you use the tax currency, the report displays the amounts in the currency specified for the tax code on the Tax Codes form. Normally, the tax currency is the currency in which the tax is reported and paid to the taxing authority. This option is available only if tax auditing is enabled for the active company.
Vantagepoint stores amounts in these types of currencies when the transaction is posted. The amounts are calculated using the exchange rates in effect on the posting date.
- Related Topics:
- Tax Analysis Columns & Groups Tab
Use the Columns & Groups tab to organize and group data on the report and to select the columns to display on your report. - Tax Analysis Options Tab
Use the Options tab to select report options for the Tax Analysis report. - Tax Analysis Layout Tab
Use the Layout tab of an individual report to choose document formatting properties, fonts, default field formats and other overall properties for reports. You can select defaults for many of the fields via My Preferences to apply specific options that you reuse when running reports. - Columns for Tax Analysis Report
The following columns are available for this report.