By activating the "Extended tax reports" option in SAP Business One, it is possible to create and save tax reports for the relevant tax authorities. By selecting a specific period type such as year, quarter, month or a specific period from the drop-down list, the reports can be customised accordingly. Due to the far-reaching effects that this setting has on tax reporting, we strongly recommend consulting a certified tax advisor to ensure that all regulations are complied with correctly.
In this context, three different report types are offered in order to fulfil the specific requirements for data retrieval:
- OriginalOriginal: This option refers to the first data query for a specific time period. It serves as a basis for subsequent comparisons.
In the original retrieval, all tax codes are displayed together with the corresponding transactions, similar to the tax report. An option to hide tax codes without transactions is unfortunately not available. The confirmation of the Transactions can be selected via a checkbox or by double-clicking in the corresponding column. - Substitution: This option is used to retrieve the data again, including all bookingsmade up to the time of the last retrieval. This ensures an up-to-date and complete representation of the selected period. With the substitution method, the new data retrieval includes all values of the selected period, including the tax-relevant transactions posted later, and thus provides a new, complete report.
- CustomisedWith this setting, only the bookings that were made after the original data query are displayed. The customised method focuses exclusively on displaying values that were added after the original data query and therefore provides an overview of the most recent activities.
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