This page is for MYOB Acumatica consultants
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Sometimes during implementation, you will run into issue where the system asks you to prepare tax report for historical tax periods (this is because you have historical tax periods and financial periods in the system). However, there is nothing to report because there’s no transactions belong to those periods that have yet been reported. This knowledge base article explains how to prepare a tax report for the current period without having to prepare tax reports for individual historical tax periods.
These instructions are for MYOB Acumatica builds 2021.117.400.6951 [21.117.0037] onward.
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To quickly bypass all the periods that we need not prepare the tax report for (periods where there are no tax transactions), open the Supplier screen and select your tax agency. On the Tax Agency Settings tab, tick “Update Close Tax Periods”:
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Once this option is ticked, on the Prepare Tax Reports screen, the Tax Period field is now selectable. You can now pick the period that you want to report the tax for. However you can only select the last period in one Tax Year as the latest:
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Once you have prepared and released the tax period for the last period of the current tax year, all the previous periods are also marked as Closed. You can then continue to do this for the following year until you reach the desired period:
