Transaction Classification 800: Credit Taxes Only

This transaction classification should be used when taxes were incorrectly applied to a Tax Exempt customer.  The system will calculate a credit of ONLY the taxes for the selected invoice(s) that have not been previously credited.

When entering a Transaction on the Transaction Posting Page, after you select this classification:

• An Invoices dropdown list will be available that allows you to select:
  - All Invoices
  - A Single Invoice
  - No Invoice (If No Invoice is selected, no additional processing will be performed)
• The amount field will be automatically filled based on the Invoice selected and cannot be changed.
• Saving will create one transaction record for each invoice
• When the transaction is posted, the system will pull billed tax records from:
  • V1 BillingHistory and save them in TBS.BillingProductBSTaxCredits
  • V2 BillingHistory and save them in BillingRPT_TaxReportCredits
• The next set of tax reports produced for various taxing agencies will include credits for these taxes. See Tax Reporting for more information.