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Posted by Claude S. Sutton, Jr on November 9, 2007, 9:12 pm
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Thanks.
That is the perfect KISS method.
I should have thought of that, but I was trying my best to make it hard.
CSSJR
> I would say the easiest is to manually record the sales tax paid by using
> the info on the invoice you paid. Just post it to a Sales tax payable
> account. If you need to track amount paid on your purchases separately by
> jurisdiction then you might set up items or separate G/L accounts to capture
> the taxes you need to report. Look at your reporting requirements and then
> taylor your CoA or items accordingly.
>
>>I am using a different machine and do not have PT available, but I
>> believe my PT is 2005.
>>
>> This state, NC, has adopted the practice that companies with a tax
>> number will report their own sales tax rather than paying sales tax to
>> the vendor.
>>
>> Fine. It is easy to set up invoices to take care of that.
>>
>> But how can PT be set up to account for the taxes we pay directly on our
>> purchases? Some of the purchases are taxed at 1% and others at the full
>> rate, state and county.
>>
>> A real problem, so far as I can tell.
>>
>> CSSJR
>>
>> --
>> If we do not wish to lose our freedom, we must learn to tolerate our
>> neighbor's right to freedom even though he might express that freedom
>> in a manner we consider to be eccentric.
>>
>
--
If we do not wish to lose our freedom, we must learn to tolerate our
neighbor's right to freedom even though he might express that freedom
in a manner we consider to be eccentric.
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