How do I remove the Deferred Tax Liability or Deferred Tax Asset from the Statement of Financial Position?
The fund policy has been set to use "Tax Effect Accounting".
To resolve this issue, you can set the fund policy to not use "Tax Effect Accounting".
Navigate to Fund Level > Settings > Fund Defaults
- Click on "Edit" for the required financial year's Fund Policy
- Select "No" for "Use Effect Accounting Policy"
- Click on Save
- Click on OK in the Confirm message.
Re-run the last period update for current financial year being processed by
Navigate to Fund Level > Periodic Processing > Period updates