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Hello,
We have a new sales tax and have two questions-
-We can't seem to edit the actual Sales Tax ID (the first field) when in the Sales Tax Wizard? Where do we find that?
-Is there any way to delete old sales tax records? When we try to delete…
Hello,
Our city launched an additional tax where some of our items are now taxed at 7.9% while other items on the same invoice are taxed at 8.4% as they include a .5% food and beverage tax. I can't for the life of me figure out how to build this so…
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…
Sage sales tax best practices include putting a bunch of sales tax rates under a single ID and making changes to the rates as needed.
You may be wondering what happens to prior transactions when you update those rates:
Updating the rate does nothing…
Currently, Sage is booking sales tax on invoices as follows:
Debit A/R $107.25
Credit Income $100.00
Sales Tax Payable $7.25
When payment is received, checking is debited and A/R is credited for $107.25.
Is there a way to report the full …
I need to run a Sales Tax Liability report for a client so that I can prepare monthly/quarterly/annual sales tax returns (for multiple states) and remit the proper payments to the various states. I am relatively new to Sage 50, and have not had to run…
I charge sales tax on certain items that my clients purchase from time to time, and those items are marked as "Taxable". All of my clients are also marked as "Taxable". The majority of items that I sell are service-related items, which are NOT taxable…
Hello all,
We had to create a new company file for our business. The accountants pulled a lot of stuff over from the old file to the new one, but claim that there is no way to Export/Import Sales Tax Codes. We have over 180 of them set up in the old…
In our state we have different items taxed at different rates. Is there a way to set it up that when an invoice is generated each line item will be taxed at its individual rate?
California has 1785 cities and each one has it's own tax rate not including district tax rates. Sage50 from what I can tell, is all about manually entering the information. Right now this is not a problem, but soon we will be selling to the public online…
All good suggestions.
We do have a report that contains all the information you need. It is grouped by Tax Agency. If an invoice contains multiple they are separated according to the Agency. You have the option to supply a date range. This report contains…
Keep in mind the credit memo date relates correctly to your sales tax reporting. So if you have already paid your sales tax for the period that the invoice was entered, you need to make sure your credit memo date is after that time frame.
You can create…
I have found customers in my database that has no sales tax type setup. I have also found that sales to these customers do not show up in the taxable/exempt sales report we run every month. In default information, customer, you cannot indicate a default…