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Tax Summary Reporting - Basic Functionality/ Best Practices for Monthly Sales Tax Reporting

  • September 18, 2023
  • 1 reply
  • 166 views
B
Freshman II

Hi Everyone,

Quick Question:

At a high level, what are the transaction requirements to have the “Tax Summary” Report generate with data?

 

Essentially, We are looking for a report to summarize all sales taxes charged to customers on Sales Orders based on either Tax ID and/or Tax agency on a monthly basis.

 

 

 

 

We have the Company, branch, tax agency, and periods set up. We also have Sales Orders completed and invoiced.

 

If the “Tax Summary” report would not be the best method to summarize and view this data, what would be the best approach?

open to any ideas, suggestions.

Thanks.

Best answer by Laura03

Hello @BobbySandhu ,

Is Tax Reporting configured in Reporting Settings & Groups screens of Taxes module?  Has the Tax Report been Prepared and Released?

Here is a link to Acumatica Open University Sales Tax course, just in case.

https://openuni.acumatica.com/courses/fin/f330-financials-advanced-sales-taxes-and-avalara-integration/

After the Tax Report is prepared and released, you will see details on the Tax Summary and Details reports.

Laura

Laura03

1 reply

Laura03
Captain II
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  • Laura03
  • Captain II
  • Answer
  • September 18, 2023

Hello @BobbySandhu ,

Is Tax Reporting configured in Reporting Settings & Groups screens of Taxes module?  Has the Tax Report been Prepared and Released?

Here is a link to Acumatica Open University Sales Tax course, just in case.

https://openuni.acumatica.com/courses/fin/f330-financials-advanced-sales-taxes-and-avalara-integration/

After the Tax Report is prepared and released, you will see details on the Tax Summary and Details reports.

Laura

~ Laura Barber, WM Synergy
Chris Hackett
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