By completing this course, you will learn how to set up and use the Taxes subledger of Acumatica ERP for maintaining value-added taxes (VAT) and withholding taxes. The current version of the course is valid for Acumatica ERP 2022 R2.

The course consists of step-by-step examples that you should complete. Through the examples, you will learn how to perform the following tasks in Acumatica ERP:

• Configuring a tax agency account
• Creating tax zones and categories
• Configuring a tax report for the tax agency
• Creating VATs
• Processing taxable documents
• Paying taxes directly to the tax agency
• Preparing a tax report for the period
• Reconciling a tax report with the General Ledger module
• Releasing a tax report and closing tax period
• Preparing tax report revisions
• Configuring withholding taxes and reporting them to tax agency
• Adjusting VAT for early payments
• Creating taxable General Ledger transactions
• Configuring VAT variations