Beginner’s Guide to Everything Sales Tax
Even though most U.S. businesses are required to collect and remit sales tax, few actually understand all the rules, or how to comply. Avalara and Paladin can help.
Accounts receivable and sales tax reporting
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 […]
Sales Tax Details Report
The Sales Tax Details report provides state, county, and city tax details by invoice line item and includes a tax summary with taxable and non-taxable sales totals. The report opens as an Excel worksheet and can be created for a period of up to 31 days. Figure 1 shows an example of the line items […]
Sales tax compliance – a love story
Sales tax is compulsory, complex and costly but it doesn’t have to be all drudgery. In this webinar you’ll learn how Paladin’s integration with Avalara’s AvaTax service can ease this burden with real time, cloud based, always up-to- date tax calculations.
Taxes
IMPORTANT: You must set up the tax definition before you can follow any other procedures listed in this article. The following provide instruction and information on the following: How to set up a tax definition How to set up Tax Free definition How to assign a tax definition How to create a tax exemption message […]
