Taxable/Exempt
Sales Report
How Do I...
Use the Taxable/Exempt Sales report to print a list of all sales taxes
charged to customers on sales, as well as sales of tax exempt items or
services. Print this whenever you send in your sales tax income statement.
This can be monthly, quarterly, or yearly.
Options
- Select the Options button to determine
the data criteria for the reports you want to see or print. For this report
Sage 50 displays the following filter options:
- Date: You
have the choice of All, Range, Today, This Period, and the week, month,
period, quarter, and year to date. If you select Range, you can enter
a beginning and ending date.
- Summarize report: Checking this shows the totals for each
taxing authority by taxable sales and the totals for each type of exemption.
- Select a filter: First, select a filter on the left. Then, define the options for that filter on the right. The options differ based on the filter selected. Tell me more about the types of filter options.
- Accounting Method for Sales Taxes: You can choose to report sales taxes
on either a cash basis or an accrual basis. Some states require that the
method used for sales taxes be on an accrual basis, regardless of your
regular accounting method. Other states require that you use the same
accounting method for sales taxes that you use for your regular accounting.
Check with your state regulations for the correct method.
Columns
Select the Columns link to choose which data fields to include and where the columns break
on your report. Tell me more about choosing report fields.
Fonts
Select the Fonts link to set the font styles for the heading and body of the report. You can also have the titles of the report show special codes, such as the
current period, today's date, an as-of date, and the company name. Tell me more about formatting reports.
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