Charging use tax on invoices

Consider these points before charging use tax on invoices:

• Sage 100 Contractor adds two lines to the invoice. The first line for the use tax debits the same ledger and subsidiary accounts indicated on the first row. For example, if the first row debits the Materials ledger account, the use tax also debits the Materials ledger account.
• The second line for the use tax debits a negative amount to the Sales Tax Payable account as indicated on the Receivables tab in the 1-8 General Ledger Setup window, thus increasing its balance.

To charge use tax on an invoice:

1. Open 4-2 Payable Invoices/Credits.
2. Create the payable invoice.
3. Click the Use Tax button.
4. On the File menu, click Save.

Published: October 03, 2018
© 2018 The Sage Group plc or its licensors. All rights reserved. Privacy Policy | Copyright/Trademarks