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Vendor Sales Tax |
Use Vendor Sales Taxes to describe the sales tax rates that you pay on purchases of materials, subcontracted labor, and other items. HINT-- Goldenseal accounting software uses Vendor Sales tax to calculate expenses and accounts payable. VENDOR SALES TAX BASICS Website Info Links RELATED TOPICS To enter a Vendor Sales Tax, follow these steps:
Enter the following information for each Vendor Sales Tax: To use a Vendor Sales Tax, open each Material Supplier, Subcontractor or Other Cost Account and enter the usual tax rate that the vendor charges. Goldenseal applies the vendor sales tax rate when you enter Material Purchases, Subcontractor Costs or Other Costs. The vendor's usual rate is entered automatically, but you can change it if that transaction has a different rate. To include sales tax when you do time and materials billing, turn on the Include Sales Tax checkbox in Project Payment Terms. To charge sales tax on individual items in a Material Purchase with an item breakdown, turn on the Taxable Purchases checkbox in each Cost Item record. HINT-- To enter the sales tax rates that you collect on Sales, use Job Sales Taxes. Main Page | Accounts | Lists | Transactions | Menus | Index | Website | User Page |