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45Can anyone point me to good knowledgebase articles or other resources about setting up sales and use taxes? Specifically, we are trying to integrate sales tax reporting into our AP processing. We have a significant amount of use tax (self reported sales tax). Currently, we are grossing up the voucher line for the tax rate, and then creating a credit line that goes to use tax payable account. At the end of the month, we pull the amount in the use tax payable account and pay to the state. It is working , but I'm wondering if there is an easier way?
I established a tax ID for use tax, but it is increasing the amount due to the vendor at the voucher level. This does not work because we are paying vendor for material only, the rest goes to the state at the end of the month. Is there a way to indicate that this is a self assessed tax?
Also, on the tax maintenance screen (21.280.00), purchasing tab, I left the tax expense account blank. When the voucher posts, it posts the tax portion to the same GL account that the item posts to. That is how we account for tax, so that works for us. However, the tax portion does not pull through the project and task. Is there a way to get the project to pull through?
Thanks in advance for your help.
Elizabeth
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