 Posted 7/9/2009 1:06:42 PM
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Just wondering how we identify our sales within the state that require us to collect sales tax. I don't see a monthly sales tax report. How do we go about reporting our sales tax collections to the State?
Matthew J. White
President
TechXor
Your Prescription For Success
11310 S. Orange Blossom Trail #207
Orlando, FL 32837
800-604-8027
matthew@techxor.com
www.TechXor.com
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Posted 7/9/2009 3:07:41 PM
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| Unfortunately there is not an out-of-the-box report that will show this to you. There are a couple of options though. 1) If you are in a single state than the liability Sales Tax Payable should contain the dollar amount of all sales tax billed (NOT collected). And, of course, the balance of the account is the net of taxes that you have not yet paid. If you have multiple states, or even multiple counties that have localized taxes, you could use the postal codes, sales tax schemes customer classes, and liabilities to create unique combinations so that these liabilites can be tracked seperately. 2) You could create a custom report that would show you sales, sales, tax, etc. And you could group this report by state. Logically, you would want to base this query/report on taxes collected (not billed).
Terry Palmer
Professional Service Manager
Dimesoft Business Solutions
tpalmer@dimesoftinc.com
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Posted 7/11/2009 2:46:40 PM
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Thanks Terry, although the State wants their money whether you collect it or not.
Matthew J. White
President
TechXor
Your Prescription For Success
11310 S. Orange Blossom Trail #207
Orlando, FL 32837
800-604-8027
matthew@techxor.com
www.TechXor.com
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