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Vendor charges tax but also need to post use Tax
Murray9046
Member Posts: 30
Scenario-
Vendor A sends us an invoice for $104 dollars. On the Line is the G/L account XXXXX with a price of $100 and the line is marked “Taxable”, with a Tax Group Code of “taxable” and a Tax Area Code of Louisiana(which is 4%).
So the vendor is charging Louisiana Tax but not the Parish Tax (3.5%) for which the customer is also liable. Typically if the vendor does not charge them a tax that they should they would check the line as “Use Tax” so that it can be accrued and paid.
But in this situation there is State Tax charge on the line which makes the invoice correct but I don’t know how to handle use tax on the same line.
Vendor A sends us an invoice for $104 dollars. On the Line is the G/L account XXXXX with a price of $100 and the line is marked “Taxable”, with a Tax Group Code of “taxable” and a Tax Area Code of Louisiana(which is 4%).
So the vendor is charging Louisiana Tax but not the Parish Tax (3.5%) for which the customer is also liable. Typically if the vendor does not charge them a tax that they should they would check the line as “Use Tax” so that it can be accrued and paid.
But in this situation there is State Tax charge on the line which makes the invoice correct but I don’t know how to handle use tax on the same line.
0