Which process must be performed to ensure tax changes reflect on payables transactions?

The process of conducting a test invoice run is essential because it allows the accounts payable team to verify that any changes made to tax regulations or tax rates are accurately applied to payables transactions before they go live. This step is critical for identifying potential errors or discrepancies that could arise from new tax settings. By running a test invoice, organizations can ensure that tax calculations are correctly processed and reflected in the invoices that will be issued to vendors or clients, thereby maintaining compliance with tax laws and preventing costly mistakes.

This approach provides a practical way to assess the effects of tax changes in a controlled environment, ensuring that the financial and operational implications are well understood and addressed. It helps safeguard the organization from issues that could lead to tax liabilities or auditing challenges down the line. Thus, the test invoice run serves as a crucial verification step to confirm that all tax-related processes are functioning as intended, reinforcing the integrity and accuracy of the accounts payable function.