Sales Tax

 

If you need totals of billed taxable fees, fee tax, taxable costs and cost tax by sales tax rate, print and save the statement run totals that can be generated when statements are run.

Date range based totals for paid sales tax (by fees sales tax, expense sales tax and advance sales tax) can be found on the Receipt Allocation Report.

Date range based totals for billed sales tax are based on statement date and can be found on the following reports: the Receipt Allocation Report and the Client Ledger Report.

Sales tax paid is calculated as follows:

• Fee sales tax paid is calculated from the fees paid based on the fee sales tax rate in the Client file.
• Expense sales tax paid is calculated from the expenses paid based on the expense sales tax rate in the Client file.
• Advance sales tax paid is calculated from the advances paid based on the advance sales tax rate in the Client file.