SA Sales Use Tax Setup - General Ledger overview
Use this page to set up the General Ledger account codes for the tax liability accounts.
If you selected Accrual in the Tax Analysis field in SA Company Setup-Taxes, the Accrual Basis General Ledgers Accounts section is available. If you selected Cash in the Tax Analysis field in SA Company Setup-Taxes, the Cash Basis General Ledgers Accounts section is available.
The liability accounts set up in this view are updated during Customer Cash Receipt Entry by offsetting the amount posted to the Taxes Accrued account when the order was entered, as shown in these two journal examples:
Amount posted during Sales Entry Invoice Processing Report:
| DR | CR | |
| Accounts Receivable | $105.00 | X |
| Sales | X | $100.00 |
| State Sales Taxes Accrued | X | $3.00 |
| City Sales Taxes Accrued | X | $2.00 |
Amount posted during Customer Cash Receipt Entry:
| DR | CR | |
| Cash Accounts Receivable | $105.00 | X |
| Account Receivable | $105.00 | X |
| State Sales Taxes Accrued | X | $3.00 |
| City Sales Taxes Accrued | X | $2.00 |
| State Sales Taxes Payable | X | $3.00 |
| City Sales Taxes Payable | X | $2.00 |