To cancel the P.P.30 form in PEAK Tax, you need to follow the cancellation process as per the creation of the form. For example, if you have created P.P.30 forms for 12/2021, 11/2021, and 10/2021, and you want to cancel the P.P.30 form for 11/2021, you must cancel the P.P.30 12/2021 first. This is because the P.P.30 form data has a credit carry-forward from one period to another.

The steps to cancel the P.P.30 form are as follows:

Step 1: Click on the P.P.30 form that you want to cancel.

Step 2: If the P.P.30 form has already been marked as paid, filed, and the accounting entries have been recorded, you need to perform the following actions before proceeding with the cancellation. If the P.P.30 form has not yet been processed for payment, filing, and accounting entries, you can skip this step and proceed to Step 3.

To cancel the payment, please follow these steps:

Click on the additional options (three-dot icon) > select 'Void Payment'.

To cancel the tax submission, please follow these steps:

Click on the additional options (three-dot icon) > select 'Cancel Filing'.

To cancel the accounting entry for tax payment, please follow these steps:
Click on the additional options icon (three-dot icon)> select 'Void Payment'.

Once the cancellation is completed, the general journal entries related to the tax adjustments made for purchases and sales will be automatically canceled.

To cancel the accounting closure for taxes, you can do so only if you haven't recorded tax payments. Here are the steps to cancel the accounting closure for taxes:

Click on the additional icon (three-dot icon) > select 'Void Record'

Once you have successfully canceled the closure, the general journal entries made for adjusting purchase and sales taxes will be automatically reversed.

Step 3: Click on the dropdown of "Option" button > select 'Void'

Once you confirm the cancellation, a pop-up will appear to confirm the cancellation of the P.P.30 form. When you proceed with the confirmation, the system will cancel the P.P.30 form. If the P.P.30 form has tax closure and tax payment recorded, the system will void the general ledger journal entry and automatically void the payment transaction.