TCM0232020 - Payment - payment profile: Payment profile - accounting (Info)

The amount of the tax credit award will be entered on to the individual customer’s accounting record for this award. The amount of the tax credit award is the sum of all tapered entitlements for each tax credit.

The previous version of the award is cancelled out by entering a negative sum of the award amount (known as a ‘contra’) to the accounting record. The new award is then entered as a positive sum.

If the recipient changes during the award period

• the award entitlement up to the date of change is entered on the first recipient’s accounting record
• the balance is entered on the new recipient’s account.