Add the use tax key back to A/P and allow for multiple expense allocations of tax
Payable Invoices/Credits Lost the Use Tax Key –and now we must have a Tax District. Cannot specify the G/L for the tax on an invoice by invoice basis or line by line on an invoice – forced to specify the G/L account in the 1-8
We allocate our sales tax to the item/expense code of the individual item/invoice with the update all tax is dumped into one expense account and one liability account.
Sage’s solution to this issue -We were told we could do a journal entry to correct the posting of hundreds of invoices/credit card receipts, which would be extremely time consuming
Or key in the sales tax liability and expense account by hand to populate the invoice in Sage the same way we did with the Use Tax key. This is time consuming because we now have to key in an additional 2 lines and calculate by hand the amount of sales tax
(Use tax key – would calculate tax and add expense line and liability line)
by: Cary J. | over a year ago | Accounts Payable
Comments
IMHO the implementation of the Use Tax on the latest version is a disaster. I opted to have staff manually enter the Use Tax transactions whenever they have an invoice where Use Tax applies.
Sage tried fixing something that wasn't broken. Use Tax could have been posted to a general ledger account requiring a sub ledger, where the SL would be the tax code for each taxing district. When entering an AP invoice, on the description line you put the tax basis amount. Then print a simple sub ledger report, output to Excel, for the period and you have a list, subtotaled by taxing district, with the tax basis for each invoice. Simple and effective. Much better than this morass we have now.
current method to post tax, and build the USE TAX REPORT is not working for us either. we track use taxes to the same G/L account the expense is code, but the system denies that, and puts it elsewhere with limitation sin the 1-8 screen. direct expenses job cost reporting is wrong because the use tax is excluded. this is worse than before the latest version.
Please correct this problem! We need to be able to post Use Tax to the same G/L account the expense is posted to. Old version was much better for us. :(
You don't have to check the box to force the GL expense accounts affected. If left unchecked the use tax hits the same account as the AP invoice. And you can use subaccounts for the liability account. The new subaccount was automatically created using the tax district number and name