How to separate the type of Sales Taxes paid by exempt customers.

SOLVED

Oklahoma wants to know the totals of tax paid or exempt. Is there a way to split this up in Sage so that our Church, School, Governments are under one tax exempt category, then sales to qualified Veterans, nontaxable services, or other qualifying exempt organizations? We currently have it set up where any exempt customer is grouped together, so at the end of each month I am manually separating the invoices to calculate then report. It would be WONDERFUL if there was a way to set up various types of sales tax accounts. Example: creating an exemption ID for church, school, gov't would be "EX-Church/School/Gov", "EX-STP" (Exempt - Sales Tax Permit), EX-NT (Exempt - Nontaxable). Is this something Sage can go, or am I stuck with "my way"?

  • verified answer

    You can go to Maintain > Sales tax and give them any name you want.   Then you can go to each customer and assign them the tax ID!  

    When you run the Report > Accounts Receivable > Taxable / Exempt Sales, it will break everything out for you.

    This solution is brought to you by Shirley Byard of BestBusinessStrategies.com 

    We are an exclusive Sage 50 reseller/ Master Certified Consultanting firm. All products offered are quality tested and approved by us

    Visit our website to see more and don't forget to sign up for our blog!