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Tax transactions

Tax transactions provide a comprehensive, immutable audit trail of all tax-related financial activity within the ERP system. This inquiry page acts as the central hub for financial controllers and tax accountants to reconcile calculated taxes, verify multi-currency translations, and validate tax directions prior to executing formal period-end settlements.

Accessing the Tax Transactions Inquiry​

To view the tax ledger, navigate to Tax > Reports > Tax transactions.

The inquiry page is governed by a Date filter. You must define a Start date and End date to isolate transactions within specific fiscal periods, quarters, or arbitrary date ranges for reconciliation.

The Overview Tab​

The Overview tab presents a high-level, tabular view of all posted tax events. By default, the grid displays the critical operational metrics in the transaction's native currency:

  • Date & Voucher: The GL posting date and the definitive voucher number that anchors the transaction in the General Ledger.
  • Tax code & Tax value: The specific mathematical code applied (e.g., STD_5) and its numerical percentage value (e.g., 5).
  • Tax direction: Indicates the financial nature of the entry—whether the tax is a liability owed to the government (Tax payable) or a recoverable asset (Tax receivable).
  • Source amount & Tax amount: The base transaction amount upon which the tax was calculated, and the resultant tax amount, both displayed in the transaction Currency.

Hidden Analytical Columns​

To preserve a clean and scannable interface, the data grid contains several advanced analytical columns that are hidden by default. By utilising the column visibility tool (accessible via the configuration icon on the left side of the grid headers), you can expose these translated values:

  • Source amount in accounting currency
  • Tax amount in accounting currency
  • Source amount in reporting currency
  • Tax amount in reporting currency

The Amounts Tab​

For forensic financial analysis of multi-currency transactions, select a specific transaction line from the grid and navigate to the Amounts tab.

This view deconstructs the selected transaction across the enterprise's three primary currency tiers, displaying the exact exchange rates utilised at the moment of posting:

  1. Transaction Currency: The original currency of the source document (e.g., an AED purchase invoice).
  2. Accounting Currency: The base functional currency of the legal entity (e.g., SYP), explicitly detailing the applied Exchange rate (e.g., 3758).
  3. Reporting Currency: The overarching corporate reporting currency used for consolidation (e.g., USD), alongside its respective Exchange rate (e.g., 0.2722...).
Statutory Compliance

This tri-currency visibility is absolutely essential for statutory compliance in complex jurisdictions. Many tax authorities mandate that tax declarations and remittances be executed in the local accounting currency, regardless of the currency in which the original commercial transaction was conducted.

Next Steps​

Once you have thoroughly audited and reconciled your operational tax transactions, the final phase of the tax lifecycle is to aggregate these entries and formally remit the liability to the government. Proceed to the Settle and post sales tax documentation.