Currently, if a sales tax credit is applied to a customer invoice, it appears that the job was not fully billed as it does not recognize that the amount credited was tax. The entire invoice must be credited and re-issued without tax, causing more steps than creating one tax credit. This would also allow deposits to be made immediately when the customer short pays the tax and when the tax exemption is verified, the tax could be credited without causing errors in the accounting reports.

by: Stacey R. | over a year ago | Accounts Receivable