Sales Tax Report
Detailed Report of Sales Tax Amounts
The Sales Tax Report provides a detailed breakdown of sales tax amounts collected on individual invoices for a specified date range.
Frequency: Monthly
How It’s Used:
- Support Tax Filing and Compliance: The report helps your organization (Dominion Motor Company) accurately track and report sales tax liabilities to state and local tax authorities.
- Audit and Reconciliation: By listing each invoice, the date closed, and the corresponding sales tax collected, it enables easy reconciliation of sales tax records with accounting and financial systems.
- Internal Review: The report can be used by accounting, finance, or management teams to review sales tax activity, identify discrepancies, and ensure compliance with tax regulations.
Who Uses it:
- Parts Managers
- Fixed Ops Director
- Accounting Manager