User’s Guide: Tax Holiday

Invoice/Quote, Knowledge Base, Taxes

A tax holiday is a time period during which some items are sold tax-free or partially tax-free. For example, during a tax holiday, customers may be able to purchase outdoor recreation items or school supplies and not pay sales tax. Or customers may be able to purchase some more expensive items, such as a $400 […]

Accounts receivable and sales tax reporting

Knowledge Base, Taxes

Paladin Data Corp’s accounting calculations and reporting methods—including sales tax reporting—follow generally accepted accounting principles (GAAP) and are designed to reconcile all presented data. Understanding the timing of revenue recognition is key to understanding sales tax reporting in Paladin Point of Sale. Investopedia, a global corporate finance and accounting firm, provides the following summary of […]

Avalara AvaTax™ only: Customer tax exempt code added

Knowledge Base, Setup, Taxes

This feature is for stores that use the Avalara AvaTax™ service with Paladin Point of Sale. In the Customers module, in the Electronic tab, you can select a tax exemption reason for a customer account in the Avalara Tax Exempt Code list. If a customer account’s State tax value (on the Customers tab) is set […]

How to create a Comparative Revenue Report

Knowledge Base, Reports, Taxes

Note: The Comparative Revenue Report must be run on the same day that you run the Transaction Report with monthly service charges.  Learn more:  How to create the Transaction Report that shows monthly service charges In Paladin, on the top ribbon, select the Reports module. In the Report Area pane, select Sales Analysis > Revenue. In […]