Glossary of terms used in sales tax cash, collections and distributions reports
| Cash | Actual payments made to localities. |
| Promptax EFT | Payments made by Promptax vendors for the current month's liability period (days 1-22 of the current month). |
| Collections | Collections = Cash - Current month's Promptax EFT + Previous month's Promptax EFT (it puts the money in the proper liability period). |
| Assessments | Payments made for Sales Tax billing. |
| Late-filed Returns | Returns filed in the non-peak months with money. Non-peak months are January, February, April, May, July, August, October and November. |
| Rate Adjustments | Adjustments for tax rate increases or decreases. |
| Prior Period Adjustments | Adjustments made to past returns. It may include amended returns and refunds. |
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