How can I set up a means of payment for goods purchased?
I would like to enter the sales tax due in Purchases/Receive Inventory and have it show up in an account payable.
In other words, .01(quantity) GL accolunt xxx x $100(unit price) = $1.00(amount)
PT Complete 2005
CSSJR
Whoops!
I hit the mail button out of habit and not the follow up button, so here it is again for the newsgroup.
============================================================== I appreciate the reply, but the question I have is how to record sales tax due that has not been billed by the vendor.
I am in a state that now requires manufacturers to pay the sales tax on good purchased directly to the state, not to the vendor.
In other words, those of us who have a tax number do not pay sales tax to our vendors, we instead must keep track of which purchases are taxable and pay them directly to the state.
So far, every entry I have made on the Purchases/Received Inventory page gets added into the total at the bottom which results in it showing as money due to the vendor when I need to show it as money due to the state.
CSSJR
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