How to: Calculate Tax Differences
Tax differences are variations in tax amounts caused by the different rules for recognizing income and expenses between entries for book accounting and tax accounting.
To calculate tax differences
In the Search box, enter Create Tax Calc., and then choose the related link.
Fill in the fields as described in the following table.
Field Description Periodicity
Select Month, Quarter, or Year to define the type of accounting period that is used for tax calculations.
Accounting Period
Select the appropriate accounting period that is used for tax calculations.
G/L Entries
Select to calculate tax difference registers based on financial transactions for the period.
Item Entries
Select to calculate tax difference registers based on item entries for the period.
FA Entries
Select to calculate tax difference registers based on fixed asset entries for the period.
Templates
Select to calculate tax difference registers based on data and standards for the tax difference registers counted for the period.
Choose the OK button.
The tax differences for the period are calculated. You can view the tax difference calculation entries by opening the Tax Differences window.
See Also
Concepts
Tax Accounting
Tax Registers
How to: Create Tax Registers
Tax Differences