California 1 percent (1%) Lumber tax

Knowledge Base, Process, Setup, Taxes, Uncategorized

This article provides instruction and information on setting up California 1 percent (1)% Lumber tax. Creating a department Assigning the department Assigning tax definitions Creating a department In Paladin, from the main menu, select File >Setup. Select the Dept tab. Under the ID and Name field, click New. Enter LUMBER in the Name box. Enter […]

California Agriculture exemption tax

Knowledge Base, Process, Setup, Taxes

This article provides instruction and information on setting up California Agriculture exemption tax. Creating a department Assigning the department Assigning tax definitions Assign agriculture tax exemption to all qualifying clients Creating a department In Paladin, from the main menu, select File >Setup. Select the Dept tab. Under the ID and Name field, click New. Enter […]

Tax Holiday Set Up

Inventory, Invoice/Quote, Knowledge Base, Process, Setup, Taxes

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

Accounts receivable and sales tax reporting

Accounting, Knowledge Base, Policy, 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. Investopedia, a global corporate finance and accounting firm, provides the following summary of revenue […]

Avalara AvaTax™

About, Knowledge Base, Taxes

This article provides instruction and information on the following: About Avalara AvaTax™ Client requirements for integrating with Avalara How to set up Avalara AvaTax™ with Paladin How to manually update Avalara AvaTax™ address information How to manually send offline transactions to Avalara AvaTax™ How to manually update Avalara AvaTax™ tax information How to manually compare […]

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. Note: If you see the tax subtotal on the main Invoice screen, Avalara isn’t enabled. Only the pre-tax subtotal is shown in the bottom-right corner of the screen when Avalara is enabled. If you just enabled Avalara, restart Paladin before testing an […]

How to create a Comparative Revenue Report

Knowledge Base, Process, Reports, Setup, Taxes

This article provides instruction and information on the following: How to create a Comparative Revenue report Information about the Sales Tax Detail section of the Comparative Revenue report How to set Comparative Revenue report export How to set up department groups for the Comparative Revenue report Note: Refer to the following for detailed instruction on […]