Department Sales Report (Tax Included in Sales) is wrong

Posted by coupleofdogs on February 29, 2008, 6:44 pm

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My accountant is working on our year end financials and is using the
department sale report (tax included in sales) to determine my sales.
However, this report seems to be wrong. There was a post on this same issue
back in November but no one commented. Can anyone tell me if the report is
wrong?

Posted by faiz on March 3, 2008, 7:12 pm

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hi,
This report is wrong it does not include tax in sales.
The sales column show sales you made on taxable tems and non-tax items.
The Sales (tax ex) column shows only the sales on taxable items.
and the sales tax column shows the tax you collected.
I just add the sales tax to the sales column to get the total sales
including tax.

"coupleofdogs" wrote:

> My accountant is working on our year end financials and is using the

> department sale report (tax included in sales) to determine my sales.

> However, this report seems to be wrong. There was a post on this same issue

> back in November but no one commented. Can anyone tell me if the report is

> wrong?

Posted by tinab on March 4, 2008, 11:55 am

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The "tax inclusive" report is actually for places like movie theaters,etc.,
that don't charge additional tax on their items. They still have to pay tax
so this breaks out the actual sales minus the tax. It is pretty much useless
for those of us who charge additional tax on our sales.

"coupleofdogs" wrote:

> My accountant is working on our year end financials and is using the

> department sale report (tax included in sales) to determine my sales.

> However, this report seems to be wrong. There was a post on this same issue

> back in November but no one commented. Can anyone tell me if the report is

> wrong?