The following will be the impact of having a locked and unlocked Tax Period, which is inconsistent with the Accounting Period.
For example, an Invoice dated FEB 2023, which resulted in a tax, was posted under the following setup:
Under Manage Tax Periods Page:
FEB 2023=Locked
March 2023=Unlocked
Under the Accounting Periods page:
FEB 2023=Open
March 20232=Open
SolutionIf a tax period is already locked and you posted a transaction in an open accounting period, the Tax Reports will show this transaction as posting to the Earliest Open Period. In the scenario above, the transaction will be posted on FEB 2023 accounting period. However, since the FEB 2023 Tax Period is already locked, for tax reporting purposes, this will show on the Earliest Open Tax period, that is, March 2023.
To prevent this inconsistency from happening, users should always make sure that the date used on the Transaction has a corresponding Open tax period and accounting period.