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
Navigate to: Parts > Reports > Audit > Parts Sales Tax
Choose Parameters
This section clarifies the parameters outlined in this report. For additional details that apply to all reports, please refer to the Common Report Features article.
Report Type:
Tax Detail: Results will display the Date Closed, Invoice #, State Tax and Total Collected
Tax Summary: Results will display Count (number of invoices), Taxable Amount and Non-taxable for Parts, Charges and Discounts, the Tax total and Total (all taxable and non-taxable parts, charges, discounts and taxes)
Taxable Detail: Results include the same as above
and Account Code used and Invoice # with hyperlink