Currently, the Tax Entities do not apply the "Billing Limit" to Purchase Orders and A/P Invoicing.
For example, we would like to apply a 6% tax to the entire PO, and an additional 1% on anything below $5,000. We are able to set this up in the A/R window, but the limits do not pull through on the payable side of things.
by: Ashley B. | 4 months ago | Accounts Payable
Comments
Yes, some states have a limit and clients are having to file for refunds, or keep track and override the sales tax per vendor per year.