Overview
The Sales Tax Missing bookkeeping data check feature identifies transactions (where the organisation is marked as registered for sales tax) that have been posted to a Sales, or Other Income account code but have been given an ‘Outside the scope’ or ‘No VAT’ sales tax code.
Transactions checked include:
It is generally expected that, where the organisation is registered for sales tax, then an appropriate sales tax should be used.
Of course, there will be a very small number of instance where transactions have been legitimately coded to an ‘Outside the scope’ / ‘No VAT’ tax code, (e.g. such as Grant Income in the United Kingdom (in some circumstances). The purpose of this check is to verify that any such sales tax codes are in fact correct.
Details provided for each transaction include:
Reviewing the transaction & changing the transaction’s tax code
If you decide that the tax code currently given to the transaction in the bookkeeping software is inappropriate, you can quickly and easily change it using the ‘View/Edit’ actions button, which will open the transaction in a new browser tab.
Dismiss Item
If you decide that a particular transaction already has the correct tax code used, then you can click the “Dismiss” button to hide the item and prevent that specific transaction from appearing in the list again.
Show Dismissed Items
You can quickly include all previously dismissed transactions, by enabling the “Show dismissed items” toggle.
This allows you to recheck and edit any tax codes that have previously been dismissed in error.
Bulk Process Options
The following bulk actions can be taken by using the check boxes and Bulk Process Options drop down menu:
