There is a Tax Preparation report in AP that does an excellent job of reconciling the accrued use tax liability but there is nothing comparable for sales taxes in AR.
I currently spend several hours a month reconciling Sales Tax to the GL. I would love to be able to generate a report as of a specific date that would show which invoices were still outstanding and the amount of Sales Tax (if any) on each invoice. There is a report that shows outstanding invoices but I have to manually keep track of which ones were taxable and the amount of taxes billed or adjusted.

by: Leigh J. | over a year ago | 8 Reports and Inquiries