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

  • 18 September 2023
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B
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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.

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Best answer by Laura02 18 September 2023, 11:42

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Laura02
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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 ~ Klear Systems, Inc. Irvine, CA. ~ Please remember to "Mark Best Answer" to help those who are facing the same problem.~

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