Preferences – Sales Tax

Introduction

The Sales Tax preferences are where you configure defaults related to sales tax.

Form Access

• From the main menu, click Edit | Preferences, or

• From the toolbar, click the Preferences button.

Field & Button Definitions

• Use Cash Basis Sales Tax Tracking – When enabled, sales tax will track liabilities based on when payment for the transaction is received rather than the accrual sales tax (transaction date).
• Pay Sales Tax Default Bank – Select the default bank account to populate on the Pay Sales Tax form when paying sales tax liabilities.
• Only Show Sales Tax Groups in Selections – When this preference is enabled, only the sales tax groups will be available in the following tax item drop downs:
  • Customer:Jobs Company Preferences
  • Customer:Jobs Tax Info Tab
  • Estimate/Sale/Invoice/Credit Forms

Related Topics

Preferences – Overview

Tips – Accrual Versus Cash Basis Accounting

Tips – Accounting Methods