Business Activity Summary

A business activity refers to transactions, for example for billings and payments, that are created for and recorded on an account. Use the Business Activity Summary to print business activity transactions by reporting category, taxes, and fees.

Examples: Animal Care, Apartments, Auto Body, Beauty, Restaurant, Retail, etc.

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Business Activity Summary
1. Printing a Business Activity Summary
1. Amounts based on
1. Include items with no activity
1. Include transactions based on
1. Fiscal year ends in
1. Report dates
1. Reporting category
1. Selected tax types/fees
1. Summarize the selected tax type/fee

Printing a Business Activity Summary

1. Open Connect Business Tax Collection > Reports > Business Activity Summary.

2. Select a report title.

3. Fill in the options on the report. Use the sections in this help topic to fill in each field. The fields are listed in alphabetical order.

4. Click Print (CTRL+P).

The report prints.

Amounts based on

The amounts based on option allows you to determine the amount based on the reporting category or selected tax types/fees. .

Include items with no activity

Activity refers to transactions, for example for billings and payments, that are created for and recorded on an account. Use this option to include accounts that do not have transactions recorded during the date range.

Include transactions based on

A transaction is an exchange or transfer of goods, services, or funds. Use Payment Applied Date to include transactions based on the date when the payment was allocated. Use Tax Return Filing Date to include transactions based on the date when the tax return was filed. Use Tax Return Period End Date to include transactions based on the last date recorded in the selected period.

Fiscal year ends in

A fiscal year refers to twelve consecutive months an organization uses to account for and report on its business operations. Typically, organizations use a fiscal year ending December 31. However, some governmental units end their fiscal year end on June 30.

In what month does the fiscal year end?

Use the Fiscal Year Ends In drop-down list to select the month when the fiscal year ends.

Report dates

Report Dates is the report date range. The report will use the report date range to select transactions to print on the report.

Do you want to use the fiscal year end as the report end date?

Yes, I want to use the fiscal year end. Continue to the next step.
No, I want to use a different date. Change the Report Date, or click Advanced Options.

Reporting category

The Reporting Categories are categories that you can set up to report amounts for a group of accounts.

Deductions

Deductions are business expenses or losses that are subtracted from gross income in computing taxable income.

Fees due

Use Fees Due to include the fees billed for services rendered.

Gross amount

A gross amount is the total amount earned before taxes and other deductions.

Taxable amount

Taxable means the item is subject to tax. An exempt item is not subject to tax.

Taxes due

A tax is a governmental assessment upon property value, transactions, licenses, and/or income.

Total due

A total is the sum of all of the values in the column.

Selected tax types/fees

A tax type defines the accounting behavior for the related taxes. A tax fee is a charge billed on a tax.

Summarize the selected tax type/fee

Use Summarize the Selected Tax Type/Fee to reduce the accounts into a summary.