Period End Sales Tax Report

Function

Use this task to create a report of taxable sales by month for each tax code used in the Sales Order Processing module. The tax percentage, taxable sales, tax amount, and gross sales amount are shown.

=> To access this task...

Select Sales Tax Report from the Sales Order Period End Processing menu.

Period End Sales Tax Report

About the Fields

In the Beginning Date field...

Enter the first date to appear on the report.
Click to select a date by using the calendar tool.
Click the "Close Window" button to return to the Sales Order Processing Reports menu.

In the Ending Date field...

Enter the last date to appear on the report.
Click to select a date by using the calendar tool.

When finished making entries to the fields...

Click to save the date selections to rerun the report at a later time.
Click to clear the entries and start again.
Click to create the Sales Tax Report.

Period End Sales Tax Report output

Sample Sales Tax Report

See Output Options.

Understanding the Sales Tax Report

The Sales Tax Report identifies some of the information necessary for completing the quarterly sales tax reports required by most states. The meaning of each column is described below:

Tax CD	The code under which a sales tax is accumulated.
Description	The description of the tax code.
Rate	The percentage of tax charged under this tax code.
Date	Identifies the month and year for which taxes were accumulated.
Taxable	The amount of sales subject to sales tax for this tax code. Some items on an invoice may not be subject to sales tax, such as service charges, labor, refurbished items, and food products. If an invoice uses a tax code defined as a buildup of other tax codes, the taxable amount for that invoice is included in the totals for all the tax codes that are part of the definition. For this reason, it is not meaningful to have a total taxable amount for the entire report, nor does the total of the Taxable column represent the total sales for a particular period.
Tax	The sales tax calculated for this tax code, using the rate in the tax code file at the time of the Sales Register update. The totals for this column are the total amount of sales tax billed to customers in the period shown
Gross	The dollar amount of the invoices updated with a specific tax code, including all charges for products, labor, freight, etc., regardless of their taxability. The Gross dollar amount does not include sales tax.
Non Taxable	The gross dollar amount minus the Taxable amount.

______________________________________________________________________________________