Many times we receive invoices months later so they can't be accrued into past months. When we run the sales tax report these invoices do not show up due to the invoice date. Since they are posted later, we should have the ability to run the report on the transaction date so we can see them when we do our tax returns. Currently we have to reconcile the tax reports to what was posted in the general ledger adding time to complete the returns.

by: Sheldon S. | over a year ago | Financial Management