Tax rate reconciliation

Click Reports > Tax Notes

In the Tax Notes report you can see how the notes were generated, along with the major components of tax expense and the tax rate reconciliation. The system automatically populates the notes with the data from the tax calculation.

Customise the narrations

You can customise the Tax Note narrations to suit the needs of the entity. You can edit the default narrations, and add more narrations.

Edit a narration

1. On the Tax Notes > Tax Rate Reconciliation tab, click the Edit Adjustment Types button.
2. Click the Settings button of the narration you want to edit, then click Edit.
3. Type the new narration.
4. Click Save.

Add a new narration

1. On the Tax Notes page > Tax Rate Reconciliation tab, click the New Narration button.
2. Type the new narration.
3. Click Save.

Delete a narration

You can only delete the narrations you manually added; you cannot delete a system narration.

1. On the Tax Notes page > Tax Rate Reconciliation tab, click the Edit Adjustment Types button.
2. Click the Settings button  of the narration you want to delete, then click Delete.

Change the category of a line item

1. On the Tax Notes page > Tax Rate Reconciliation tab, click the Expand button of the category to display its line item(s).
2. Click the Settings button of the line item that you want to move to a different category, then click the required category from the list that displays.