In this Forum, the following topics will be discussed.

 

· Configuring sales tax within EBMS

· Federal, State, and local sales taxes

· Configuring multiple tax rates for a jurisdiction

· Grouping sales tax rates by payment vendor

· Calculating sales tax using the cash or accrual methods

· How sales adjustments affect the sales tax payment report

· Reconciling tax liability accounts

· Paying sales tax – manual or automatic

· Creating tax liability accounts

· Reconciling tax liabilities within general ledger

· Discounts when paying tax liabilities