Unrealized Tax Type in Tax Posting Setup

kelseykong@hotmail.com

Dear expert

I tried to search but was unable to find any information. Any suggestion would be appreciated.

Unrealized Tax Type in Tax Posting Setup page has an option called Cash Basis. No help information about when this option should be utilized. Would you please let me know when Cash Basis should be selected and what is the difference between Percentage?

Our client would like to use the exchange rate when making payment to post to realized VAT G/L Account. May I know if this option would resolve the issue? Please let me know if there is any potential issue when using this option.

Thank you.

Kelsey