About Cashing Introduction When taxpayers make payments on their tax accounts, the information about the payment must be captured in SIGTAS. The Cashing section of SIGTAS allows you to capture this payment information. The payment can be distributed automatically or manually among outstanding arrears between tax, interest and penalties, as well as tax types and tax periods. When a payment has been captured, a receipt can be printed and sent to the taxpayer. If necessary, payments can also be reversed. Payment vouchers that are issued to the cashiers as a receipt of payment after a payment has been deposited at the bank can also be captured or cancelled. It is important to enter the payment date and amount correctly. If the payment date is incorrect, SIGTAS might charge interest on a tax account that was paid in full and on time. If the amount is incorrect, SIGTAS will calculate an overpayment or an underpayment. Many types of reports can be created to verify the daily or monthly cash balance, the monthly revenue, payments and reverse payments, and to view information about payment vouchers and tax collected per tax type.
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