Re: Sales tax on purchases

["Chris Travers" <..hidden..>]

Do you see a sales tax box or something like that on the vendor profile screen?

Also, you will need to repost the invoice, delete or reverse and
repost, or the like.  I generally do not recommend deleting or
reposting invoices (and generally recommend reversing and reposting).

Hope this helps.
Chris Travers

On 3/14/07, Matt Jackson <..hidden..> wrote:
> Chris,
>
> Thank you for the information, however I am having a hard time finding this:
>
> AP > Vendors > Search > (my vendor)
>
> Their profile does not have a tax checkbox.
>
> Also, once I do find and uncheck this box, will it remove the $17 tax
> imbalance I am showing in my general ledger?
>
> Please advise.
>
> - Matt
>
>
>
> On 3/14/07, Chris Travers <..hidden..> wrote:
> >
> > This feature is designed for places where VAT is credited back based
> > on what you pay the vendor.  In this case, that is not what you want.
> > To avoid this from happening, go to the vendor screen and uncheck the
> > tax checkboxes.
> >
> > Best Wishes,
> > Chris Travers
> >
> > On 3/14/07, Matt Jackson <..hidden.. > wrote:
> > > Hello.
> > >
> > > I am entering old Vendor Invoices so that I can "relive" my past year
> (which
> > > has gone unaccounted for) for tax purposes.
> > >
> > > 1. went to AP > Vendor Invoice
> > >
> > > 2. Added all items and their quantites and then-current prices
> > >
> > > 3. Put in the correct purchase date info. Set Invoice date and due date
> to
> > > same day (I pre-paid for this stuff last year)
> > >
> > > 4. I noticed that account 5010 is Freight, an expense, so I figured the
> > > freight costs will be entered later in the process? Put nothing in this
> > > Vendor Invoice to reflect any sort of shipping costs.
> > >
> > > 5. They charge me a percentage for using a credit card. Did not enter
> that.
> > > All that shows up is the raw cost of the items.
> > >
> > > 6. Hit "Post"
> > >
> > > My immediate problem is that now for some reason I have a $17.34 charge
> in
> > > Taxes - which I mean to use to reflect taxes paid *by customers* in my
> > > state, not by me to my suppliers. I don't pay taxes to them.
> > >
> > > Any idea how to remove this "expense" and rectify this for the future?
> > >
> > > Regards,
> > > Matt
> > > --
> > > Regards,
> > > Matt
> > >
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> Matt
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