SA Sales Use Tax Setup - General Ledger field descriptions

Fields are presented in alphabetical order within each section.

Accrual Basis General Ledger Accounts

Excise

Specify the General Ledger account code associated with the excise tax accrual account. Sales Order Entry and Sales Entry Invoice Processing Report use this account to update General Ledger. Under normal circumstances, this is a liability account. If you do not specify an account code and Sales Order Entry attempts to update the excise account, the General Ledger suspense credit account code is updated by the system with the excise tax amount.

Sales

Specify the General Ledger account code associated with the sales tax accrual account. Sales Order Entry and Sales Entry Invoice Processing Report use this account code to update General Ledger. Under normal circumstances, this is a liability account. If you do not specify an account code and Sales Order Entry attempts to update the tax account, the General Ledger suspense credit account code is updated by the system with the tax amount.

Transit

Specify the General Ledger account code associated with the transit tax accrual account. Sales Order Entry and Sales Entry Invoice Processing Report use this account to update General Ledger. Under normal circumstances, this is a liability account. If you do not specify an account code and Sales Order Entry attempts to update the transit account, the General Ledger suspense credit account code is updated by the system with the transit tax amount.

Use

Specify the General Ledger account code associated with the use tax accrual account. Sales Order Entry and Sales Entry Invoice Processing Report use this account code to update General Ledger. Under normal circumstances, this is a liability account. If you do not specify an account code and Sales Order Entry attempts to update the use account, the General Ledger suspense credit account code is updated by the system with the use tax amount.

Cash Basis General Ledger Accounts

This section is available if you selected Cash in the Tax Analysis field in SA Company Setup-Taxes.

Excise

Specify the excise tax liability account number for this jurisdiction. The account must exist in GL Account Setup.

Sales

Specify the sales tax liability account number for this jurisdiction. The account must exist in GL Account Setup. If you select Cash, taxes paid on the invoice are posted to General Ledger when you receive payments from customers and post them in Customer Cash Receipts Entry. This table shows an example of the posting:

	DR	CR
Taxes Accrued	$5.00	X
Taxes Payable	X	$5.00

If your company uses divisionalized accounting, a division number must exist on each Customer Setup record. All General Ledger account codes, affected when a customer is processed, allow an asterisk (*) in the division section of the account code. The account code is not validated by the system, but ** Division ** is displayed for the account code name. By specifying an asterisk in the division section of the account code, multiple customers can use the same account codes.

Transit

Specify the transit tax liability account number for this jurisdiction. The account must exist in GL Account Setup.

Use

Specify the use tax liability account number for this jurisdiction. The account must exist in GL Account Setup.