Recalculate the liability summary after making adjustments
This article applies to:Avalara Managed Returns for Accountants
If you make adjustments to transactions, prepayments, or prior payments before locking your liability summary, make sure to recalculate the liability summary.
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Important Liability summaries are automatically locked on the 10th of the month, at 5 PM Pacific time. Create a case with Avalara when a liability summary needs to be unlocked. |
Before you begin
- Make sure you've set up your returns and that they're active (which means Avalara has approved them).
- Review the monthly returns cycle. You approve returns for the previous month between the 5th and the 10th of the current month.
- Set up or update the company information.
- Make sure transactions are uploaded for the company you want to work with. If not, see Create an account link request or Import external data source transaction.
Steps
- In Managed Returns for Accountants, go to Returns > Liability Summary.
- The Liability Summary page opens.
- Use the Filters pane to identify the company and tax period.
Optional criteria can be included to locate the summaries you want to review. - In the upper table, select the checkbox to the left of any summaries that you want to recalculate.
- Select the Recalculate Regions icon from the top of the table pane.
- The summary is sent to a queue where it is rebuilt.
- The amount of time it takes to recalculate a summary depends on the number of summaries currently in the queue and your place in the queue.
- During the recalculation process, the status is set to Building Liability.
- Once the summary is recalculated, the status is set to Pending Approval.
You can then continue work on the associated return until the auto-lock date and time.