has anyone had an experience/ costing with adding a municipal accommodation tax to their system? and does it take a lot of time and effort to maintain?>
has anyone had an experience/ costing with adding a municipal accommodation tax to their system? and does it take a lot of time and effort to maintain?>
Hi GLENN HART ,
Thank you for reaching out, apologies for the delay in responding. To address your question, adding a municipal accommodation tax can be managed within Sage 50 by setting up a new tax rate. This will not require excessive time and effort to maintain once set up. Here's how you can add this tax to your Sage 50 system:
Set Up a New Tax Rate:
Setup
, then Settings
, Company
, Sales Taxes
, and finally Taxes
.Link to Appropriate Accounts:
Set Up Tax Codes:
Tax Codes
, enter a new Code for the municipal accommodation tax.Apply the Tax to Invoices:
It’s important to consult an accountant to ensure that the entries made by this workaround are accurate and comply with the tax laws in your area.
Also, please note that the process described above is similar to setting up a fuel surcharge or credit card merchant fees as outlined in the articles provided. You can use the same steps to create a taxable tax in the sales tax settings that will calculate a percentage of the invoice.
If you require any further assistance or have additional questions, the Sage support team is available to guide you through the process.
Warm Regards,
Erzsi
*Community Hub is the new name for Sage City