Explanation: The list is based on transactions not payables, meaning, that even once the sales tax is paid, it will still be available to report Sales/Freight amounts. Invoices that did not produce a payable (Non-taxable) will still show on this list and will be available regardless of the date selector setting.
The list is based on Entry Date, not Invoice date. (this allows adjustments done in different months to be accounted for correctly).
Example:
An invoice was processed on June 1 showing as Non-Taxable. At the end of June it was reported to the Taxing Authority as a non-taxable sale and shows on the Sales Tax Filing list as a June non-taxable sale.
In July, the invoice is changed to Taxable and processed again. June’s filing report does not change (it is based off of actual data and should remain constant so it will match the data filed with the taxing authority). July’s filing report will show a negative nontaxable income (based on the reversal of the original invoice) and a positive taxable income and tax due.
This list can be filtered by invoice date to match against the P&L or Customer Sales List. However, the entry date should be used whenever preparing this list for filing taxes.
Additional columns are available to customers under the wrench – depending on which calculations you need to fill in your State Sales Tax Remittance forms.
The list is based on Entry Date, not Invoice date. (this allows adjustments done in different months to be accounted for correctly).
Example:
An invoice was processed on June 1 showing as Non-Taxable. At the end of June it was reported to the Taxing Authority as a non-taxable sale and shows on the Sales Tax Filing list as a June non-taxable sale.
In July, the invoice is changed to Taxable and processed again. June’s filing report does not change (it is based off of actual data and should remain constant so it will match the data filed with the taxing authority). July’s filing report will show a negative nontaxable income (based on the reversal of the original invoice) and a positive taxable income and tax due.
This list can be filtered by invoice date to match against the P&L or Customer Sales List. However, the entry date should be used whenever preparing this list for filing taxes.
Additional columns are available to customers under the wrench – depending on which calculations you need to fill in your State Sales Tax Remittance forms.
Total Freight – calculation based on amount in that record line of taxable freight and non-taxable freight.
Total Sales – calculation based on amount in that record line of taxable sales and non-taxable sales.
Total Sales and Freight – calculation based on amount in that record line of all sales and all freight.
Total Taxable – calculation based on the amount of taxable sales and taxable freight.
Total Non-Taxable – calculation based on the amount of non-taxable sales and non-taxable freight.
Select the period for the sales tax you will be paying to create a report that shows which invoices to pay.
Total Sales – calculation based on amount in that record line of taxable sales and non-taxable sales.
Total Sales and Freight – calculation based on amount in that record line of all sales and all freight.
Total Taxable – calculation based on the amount of taxable sales and taxable freight.
Total Non-Taxable – calculation based on the amount of non-taxable sales and non-taxable freight.
Select the period for the sales tax you will be paying to create a report that shows which invoices to pay.