Reviewing Tax Code Balances

Tax code balances include the balances of multiple accounts and tax journal entries. The first level of review lists the account and journal entry amounts that make up the balance in the tax code. In the case of accounts, a further drill down is provided to examine or edit the entries that make up the balance in the account.

The Tax Code Balances window displays the detail in a tax code for the current and prior year. The Edit command allows you to perform reviews or edits.

To review or edit the details that make up the balance in a tax code, do the following:

1. Open Return Manager.
2. Open a return that has been set up for G/L Direct processing.

Note: See Setting up G/L Direct for information about activating returns for G/L Direct processing.

3. Click Trial Balance in the Account Maintenance group on the G/L Direct ribbon.
4. If needed, click Tax Codes in the Trial Balance group on the ribbon to display the Trial Balance grid in the Tax Codes view.
5. Select a tax code in the Tax Codes grid. The details that make up the balance of the tax code are displayed in the Tax Codes Balances window.
6. Select a line to review or edit and click Edit. If the line you selected is a tax journal entry, the Journal Entries grid displays. If the line you selected is an account line, more information is needed before adjustments can be made. The Account Balances window is displayed.
7. Perform the applicable steps based on the window that is displayed:
   • Account Balances window
     1. Select a detail line and click Edit. If the line you selected is a journal entry balance, the Journal Entries grid is displayed. Skip to the instructions for working with the Journal Entries grid, which are found later in this section.
     2. Continue in this section if you selected a line that is a current year or a prior year unadjusted trial balance line and the Edit Account Balances window is displayed.
     3. Make any desired changes.
     4. Click OK.
     5. Repeat steps i through iv to review or edit additional detail lines.
     6. Click Close.
   • Journal Entries grid
     1. Make any desired changes to the journal entry.
     2. If needed, review or edit additional journal entries.
     3. Close the window to return to the Tax Codes Balances window.
8. Repeat the previous two steps until all desired reviews and edits are complete.
9. Click Close.