Just verifying, once I have run the day end, posted and cleared Order Entry - then change to the new GST amount - we will not be able to backdate a June Invoice using 7% GST. Am I right?
Diane

Hi Diane,

Tax is calculated for invoices and credit notes based on existing tax tables. If you change your tax tables to the new GST rate, then indeed tax will always calculate based on the new rate, regardless of the invoice date.

If you were desperate, you could create a new tax table and keep the old 7% rate, and use this table specifically for back-dated invoices. But this might break up your reporting (say the tax tracking reports) and might not be a good solution for you.

Thanks. I think that we are going to have to go with getting as much billing done as possible before going on holidays that last week of June and any others will have to get billed into July.
Much safer!

For others reading this, it may be you want to backdate invoices to June, or issue credit notes in July for invoices posted in June. In Adagio, you could perform this maintenance:

1) Copy your existing tax table(s) and create new ones with a code that makes it obvious what it's purpose it, such as 'CAN7'. Doing this will make sure the GL tax accounting will remain in place.
2) Edit your tax table(s) for the new tax rate. At this point, all new documents will calculate with the updated tax.
3) If you need to use 7% tax for a document, simply edit the Tax Table and choose the one created in step 1 by copying your existing tax tables.

These copied tax tables are only necessary during this transaction time. All of customers already are set to use existing tax tables, so these new tables are only necessary for the 'exceptions'.