How can I monitor tax payable?
Introduction
Tax on Purchases Report displays the total tax that has been paid in different purchase related transactions in a selected store. Tax payable report displays the Total before tax and total after tax along with Tax Amount. It can be generated on a daily basis, weekly basis, monthly basis or quarterly basis, depending upon the need of the organization.
Purpose
Tax Payable Report is used for monitoring the tax paid in the selected store for a selected date range.
Steps to create Tax on Purchases Report
Go to Home > Reports > Tax on Purchases Report. On clicking the Tax on Purchases Report, the report gets populated for all the stores. You can choose to generate the report individually based on the Store. To selectively filter the report, perform the following steps:
-- Select a Date Range
-- Select a Store
-- Click on Search Button
-- Tax on Purchases Report for the selected fields is populated.
Report Data
The Tax on Purchases Report data contains the following information:
Store
This is the name of the store for which tax details are generated
Tax Code Id
This is the tax code id
Total Before Tax
This is the gross amount of transaction in a store for the selected date range before the tax
Total After Tax
This is the net amount of transaction in a store for the selected date range after the tax
Tax Amount
This is the total tax amount that has been paid in different transactions.
Export the Tax on Purchases Report
Tax on Purchases Report can be exported using the Export button. Click on the Export button and browse to a location where you want to save the report. Click on the Save button to save the file.
When exporting the Tax on Purchases report, the date is always exported in MM/DD/YYYY format irrespective of the date format specified in Display Settings ( Home > Setup > General Settings > Display Settings ) OR the date time format of the Operating System OR Excel.
Print the Tax on Purchases Report
Tax on Purchases Report can be Printed using the Print button. Click on the Print button, Print Preview pops up, select the destination printer, pages, Copies, Color and configure more settings, if required. Click on the Print button to print the report.
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