Sales Tax Computation

Hi

My version of sage 2013 is Spanish Bilingual which I think is the US version. I use this in Sri Lanka and our sales tax system is very simple. Here is an example:

Invoice value is US$ 1000.00 the entire amount is credited to Sales A/c. Then I manually compute 1% sales Tax that is US$ 10.00 and Debit sales tax paid a/c and credit sales tax payable a/c.

How can I automate this?

Any advice will be appreciated.Tks

  • 0

    Hi imtiazgadit,

    I am moving your post to the Sage 50 CA forum. Sage 50 Spanish Bilingual was a part of the Sage 50 CA - formerly Simply Accounting - product line.

  • 0

    Hi Imtiazgaidit,

    As per your description of what you would like to do, you can create a sales invoice recurring transaction and save it so you can recall it next time if you need it.

    You will first open a sales invoice window.  Without using any tax code, under the Amount column, you put $1000.00 with the Sales A/C.  Then, put -$10.00 with the Sales Tax Paid A/C and $10.00 with the sales tax payable a/c.  Before you post it, you go to Sales in the menu bar of the input window and select Store to save it as a recurring transaction.  

    Next time if you need it , you open the sales invoice window, go to sales in the menu bar and select Recall.  Then, you can choose the recurring transaction that you save and make any adjustment you want.

    Hope this helps.