The taxes report shows a breakdown of goods & services tax (VAT, GST or Sales Tax depending on your region).
The report is based on entries made via Sales batches and Expense batches.
Selecting date range:
Select the 'From/To' date range for the period you require
By using the 'Preview' or 'Save' buttons you can decide whether to see these settings as a once-off, or save it for the next time you open the report
This is useful if you are focusing on one particular reporting period (bi-monthly/quarterly etc.) at the time
Detailed or not?
In the display settings you can choose to "Show detailed report" or not
This simply means whether or not you want to show the transaction lines or just a high-level balance per tax rate
Choosing to use the taxes feature:
How, or whether, you use this all depends on the client and how you decide to write up their accounts:
If you currently compile their VAT returns in excel, we would suggest uploading this info via a sales/expense batch each period during the year (showing net/tax/gross per line)
If your client compiles it themselves, then consider uploading this data via a sales/expense batch at year end to have consistent records in the annual accounts compilation
Either way, you will have a better view and breakdown of accurate sales and expense records within the AccountsPrep general ledger than excel, and you can review & edit on-the-go very easily!