Great,Plains,Consultant,Notes, computer Great Plains Consultant Notes: Sales Tax Calculation and Rep
Gone are those times when the companies and the organisations didn't need a hi-tech system to handle them. Owing to the considerable increase in the business sector and thus, an enormous increase in the complexity of the organisational struc ----------------------------------------------------------Permission is granted for the below article to forward,reprint, distribute, use for ezine, newsletter, website,offer as free bonus or part of a product for sale as longas no changes a
State Sales Tax reporting is typical candidate to learn newfunctionality and make probing calculations. In this small publication, which is intended to end Dynamics GP user,not GP consultant, we would like to give you some technical highlights: 1. Inventory items and Sales Tax accruing. You have several options for Sales Taxcalculation: non-taxable (such as something that is in essence the service:Freight, Insurance, Bank Wire Transfer charges), in this case select NotTaxable in Inventory Item Maintenance screen on the left side (from Salesperspective). And now the majority ofyour physical items, such as merchandize should be marked as Based On Customer 2. Invoice Subtotal and Total Taxable Sale Amount. Here you need to understand nuances in yourmonthly Sales Tax report (Reports->Company->Taxes) only Total TaxableSale Amount is summarized in it. If someGP inventory items are taxable and others are not, then two amounts (TotalSales, and Total Taxable Sales) will deviate. This means, that you cannot use AR transactions register for the monthto reconcile your sales tax amounts 3. Sales Tax under the hood. We recommend you to review Sales Tax in thefollowing tables: RM20101 posted AR transactions, RM10601 RM Tax Workfile. Receivable Management module iscloser to Dynamics GP General Ledger, comparing to Sales Order Processingtables: SOP30200 and SOP10105 (SOP Tax Work and History table). The nuances typically are related to the factof voiding Sales Invoices in RM module, if you voiding this way, SOP postedinvoices (SOP30200 and SOP30300 tables) will remain non-voided 4. Sales Tax for large corporate ERP, when you haveto pay State Sales Tax in multiple US states. In this scenario you typically are calculating Sales Tax based on Shipto Zip code. There are multiple DynamicsGP ISV partners with their Great Plains Add-ons to consider, Avalara forexample 5. Sales Register report. In Crystal reports, we recommend SalesRegister report for those of you who has tax incentives from the State, give usa call on details
Great,Plains,Consultant,Notes,