View Full Version : Used tax on Expenses Payable

09-18-2001, 07:27 PM
I need to keep track of expense bills that are not applied sales tax by the vendors. Anyone have any ideas on how to do that is PT Complete Accounting ver 8.02 ?

For example. A vendor did not charge 7.5% sales tax to us on $100 purchase.

1. can we tag that invoice in PT as a taxable expense?
2. is there a way to have PT calculate the taxes due?


09-19-2001, 08:10 AM
What I do is create a vendor account for Use Taxes, and every time I see an invoice come through without tax, I calculate the tax amount, and enter it as an invoice to the Use Tax vendor account through Purchases/Receive Inventory, showing the original vendor ID code and original invoice amount as the invoice number, and entering just the tax amount as the invoice amount. Then each quarter I just print a vendor ledger report for the Use Tax vendor, add up all the original invoice amounts, and double-check that I've accrued the correct total in the Use Tax Vendor Account. You can even send the use tax costs to each job this way since you're entering it in Purchases. Then you just select all the Use Tax invoices for payment.