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 […]

Reports: Sales Tax Details

Knowledge Base, Reports, Setup

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.