Update to Existing Tax Profiles
Previously imported tax profile records are updated in the live tax profile table. Fixing incorrect Tax Profile data can be resolved by receiving a new file with updated or corrected Tax Profiles from the Service Provider. These would be imported and they would correct the Tax Profiles that are already associated with the Properties. In this scenario, any previously posted invoices would not be corrected.
If there is a change to a Tax Profile as of a specific date, import the updated Tax Profile after invoicing has been completed for the prior tax detail. Upon importing the updated Tax Profile, all un-invoiced records will be updated with the new Tax Profile details.
Example: The Tax Profile percentage for State changes to 10% on 5/1. Make sure that the invoices through 4/31 have been posted prior to importing the updated Tax Profile.