| # Balancing tax accounts Differences between Infor ERP LN 6.1 FP2 and Infor ERP LN 6.1 FP3. Infor ERP LN 6.1 FP2 In Infor ERP LN 6.1 FP2, the individual tax accounts are balanced through one interim tax payment account, regardless of whether the balance is positive or negative. Infor ERP LN 6.1 FP3 In Infor ERP LN 6.1 FP3, to meet legal requirements in Portugal, the following functionality is implemented: You can use an additional interim tax balancing account. Two separate interim tax ledger accounts are available to distinguish tax payable and tax recoverable. To support the new interim tax accounts, the following fields are added to the Tax Declaration Master (tfgld1620m000) session: Interim Tax Payment Account If the net VAT amount of the declaration is less than zero, ERP Enterprise uses the Interim Tax Payment Account. Interim Tax Recoverable Account If the net VAT amount of the declaration is greater than or equal to zero, ERP Enterprise uses the Interim Tax Recoverable Account. Use Tax Balancing Account To use an additional tax balancing account, select this check box. Tax Balancing Account If you select the Use Tax Balancing Account check box, this field must contain the additional tax balancing account. Related topics Value added tax (VAT) postings |