Wholesale Non-Taxable Report
Wholesale Transactions Classified as Non-Taxable
The Wholesale Non-Taxable Report provides a detailed listing of all wholesale transactions that are classified as non-taxable for the specified period.
Frequency: Monthly
Who uses this report? Parts Managers and Accounting Managers
How they use it:
Tax Compliance: It documents all wholesale sales that are exempt from sales tax, supporting compliance with state and federal tax regulations.Audit Trail: The report serves as an audit trail, making it easier to verify that non-taxable sales are legitimate and properly documented.
Customer Tracking: It helps the dealership track which customers are making non-taxable purchases, which can be useful for both sales analysis and compliance reviews.
Internal Controls: By listing all non-taxable transactions, the report helps ensure that only qualified customers (e.g., those with valid tax exemption status) are receiving non-taxable treatment.