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Correction Process

Correction Process​

Correction Logic​

If you need to correct a tax return that has already been filed, Abacus provides a clear and robust Correction Logic. Here's a detailed step-by-step explanation of the process:

  1. Initiate Correction: You can only initiate a correction for a filing that is in the FILED state.
  2. Create Correction Filing: When you initiate a correction, the system creates a new Filing with the category set to CORRECTION.
  3. Review and Approve: The correction filing goes through its own review and approval process by a Tax Manager.
  4. After approval: After all the filings that were impacted by the linked transactions have been approved, then all the transactions are archived. These archived transactions can't be modified and are still associated with the initial filing.
  5. Upload new transactions: The user can then upload the new data using the Transaction Wizard that will be linked through to the correction filing.
  6. Make Changes: You can now make the necessary changes to the transaction data. These changes will be reflected in the correction filing.
  7. File Correction: Once you are happy with the changes, the correction can proceed with the filing state flow.

Correction Approval Process​

  • Corrections approved via Salesforce compliance case
  • System checks all linked filings for corrections
  • Approved corrections archive original transactions
  • Archived transactions marked with archive icon ⚠️
  • New correction filing created for resubmission
  • Original filing maintains audit trail
Archived Transactions
  • Marked with special icon for identification
  • Removed from unfiled filings
  • Exempt from duplicate checks
  • Maintained for audit purposes
  • Cannot be edited or deleted

This process ensures that there is a clear audit trail for all corrections, and that the impact on your transaction data is properly managed.