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momofbrady
01-04-2004, 11:15 AM
Jim and Wolf, would you be so kind to look at my post on Tracker's website?
http://www.trackeronline.com/ubb/Forum3/HTML/000025.html

I wanted to share this because it surprised me and I was wondering if anyone else has a similiar experience to share (about sales tax). I wished software companies would look into this and create more reports for such issues.

I've kept books for a very long time and I KNOW there are many businesses who pay sales tax on an accrual basis and they have been doing it for years. Most cases, this is eating away at cash flow so it's not ideal for the business.

In the past few years, I've been told (over and over) by the state of GA, that it's not true... they think everybody pays on a cash basis EXCEPT huge corporations like KMart, WallMart. They tell me that if a small business in GA is paying on an accrual basis, they are reporting incorrectly.

Thanks for your comments!
dwaldrop

Jim Dale
02-04-2004, 10:23 PM
I have a client who pays on an accrual basis in Michigan. Problem is always keeping up. She has done this for years with a report she prepares in Excel