Sage sales tax best practices include putting a bunch of sales tax rates under a single ID and making changes to the rates as needed.
You may be wondering what happens to prior transactions when you update those rates:
Updating the rate does nothing…
Currently, Sage is booking sales tax on invoices as follows:
Debit A/R $107.25
Credit Income $100.00
Sales Tax Payable $7.25
When payment is received, checking is debited and A/R is credited for $107.25.
Is there a way to report the full …
I need to run a Sales Tax Liability report for a client so that I can prepare monthly/quarterly/annual sales tax returns (for multiple states) and remit the proper payments to the various states. I am relatively new to Sage 50, and have not had to run…
