Update Creditor Payments for Taxable Payments Reporting
You can update creditor payments for taxable payments reporting.
The Creditor Payments tab on the AP Taxable Payments form populates information automatically when you selectfrom the toolbar. The information on this tab includes invoices from all creditors that have been set as subject to taxable payments reporting.
In order for a creditor's invoice to display on this tab it must meet the following criteria:
The invoice must have been set to be included in taxable payments reporting (you checked the Include in Payments Reporting box in AP Transaction Entry, AP Unapproved Invoice Entry, or AP Recurring Invoices), AND
The invoice must have been partially paid and the associated paid date must fall within the specified tax year.
For more information, see Generating Taxable Payments Annual Reports.
The values in the Creditor, Creditor
Name, ABN, Phone,
Address, City, State,
Code, and Country fields default from the AP
Vendors form. You can override these values as needed; however, the system will not
post these changes back to the AP Vendors form.
Note: The Phone field defaults only the first 15 characters from the Phone field in AP Vendors (which allows for 20 characters).
- The No ABN Tax field defaults to 0.00. Enter an amount only if amounts were withheld from payments where the creditor did not provide an Australian Business Number (ABN).
- The GST field displays the total sum of all GST payments made to the creditor for the specified tax year. You can override this field if necessary.
- The Amt Paid Incl GST field displays the total sum of all payments made to the creditor, including the GST amount. You can override this field if necessary.
- The Amended Date field is used when you are creating an amended taxable payments report. For more information, see Amending Taxable Payments Reports.