21st Century Accounting Help - Receivables/Configure

Tax Authorities

So the system automatically calculates sales taxes on invoices and tracks tax totals by authority, in Receivables/Configure/Tax Authorities, set up a tax authority for each taxing authority for whom you are responsible for collecting sales taxes. You then put multiple, overlapping tax authorities (or a single authority if you are subject to only one) in tax groups.

In the Tax Authorities window, you provide your sales tax reporting ID, the liability account for accumulating the liability, and, optionally, the ID of the Payables vendor to whom you remit the sales taxes.

For purposes of calculating GST, PST, QST, and HST on items and invoices, 21st Century Accounting automatically configures tax authorities and then sets up tax groups for the standard taxing authorities. Then you assign the appropriate tax groups to customers, to vendors, and, optionally, to product list items.

In the Tax Authorities window, you provide your sales tax reporting ID, review the default rate and the liability account assigned by the system for accumulating the liability, and optionally add the ID of the Payables vendor to whom you remit the sales taxes.