AP Sales Tax Tracking - Paid and Liability

SAGE 300 CRE - Version 9.8.51

I've just recently started utilizing the Sales Tax feature in AP and I think it will be a great time saver once I get used to it.  Right now I am still struggling to verify I have everything set up correctly and consistently enter the information.

Now I am preparing my Kentucky Sales and Use Tax payment for July and I am uncertain as to the procedures I should use.

I tried to find information on this in the Knowledgebase, but wasn't able to find anything.

Anyone care to share what your procedures are?  

  • Becca Moore:  This is my first time using Sage CRE Product Forums so hang with me.  I didn't realize that you could utilize the Sales Tax feature in AP.  Where is it.  I too have to file a Use Sales Tax every month.  This might be very helpful.  Thanks, B Roop

  • Becca,

    You may find article 34154, How do I accrue and pay tax liability in Accounts Payable?, useful.  It has information Accounts Payable taxes through the process. Also article 35663, How can we report on Tax totals by date in Accounts Payable?.

     

    Angie

    Senior Customer Support Analyst, Sage Construction and Real Estate

    Sage North America

  • Brenda,

    The Knowledgebase Articles Angie G suggests (64154 & 35663) will help.  The basic set up is in AP settings.

    The first month I was trying to enter/track tax on all invoices subject to tax and it was overwhelming.  Now I'm only entering the tax if it is a not charged on the invoice and to be paid on our return.  Much simpler and I think will work just as well for our company.  (Might not be the same for everyone.)  

  • Thank you Angie!  Those articles and seeing how it worked the first month helped me figure out what would work best for us.