AM Enterprise 2020 Sample Reports

The Sales Tax Reports provide information about the tax codes and the tax amounts calculated for each taxable vendor invoice. These reports are useful for reviewing tax codes assigned to the invoice and verifying information on taxable purchases.

Each of the Sales Tax Reports is especially designed to provide several options so you can narrow down data to the specific information you need. Read the information below to get a closer look at each of the Sales Tax Reports available in AccountMate.

Sales Tax Entity Listing

AccountMate allows you to set up multiple sales tax entities that can be assigned to one or more sales tax codes for use in purchase orders. The Sales Tax Entity Listing provides information on these sales tax entities such as the minimum and maximum taxable amount as well as the minimum and maximum tax amount, tax basis and rounding method. This report helps you verify the sales tax entity records that are set up and maintained in AccountMate Enterprise.

Sales Tax Code Listing

The Sales Tax Code Listing provides detailed information on the sales tax codes that are set up using the Sales Tax Code Maintenance function. This report is used for reviewing the accuracy of the tax code records and for validating their associated sales tax entities and rates.

You can opt to show in this report the predefined minimum and maximum taxable and tax amounts.

Sales Tax Bracket Listing

AccountMate allows you to set up sales tax brackets that can be assigned to vendors. The calculation of sales tax is based on a range (bracket) of taxable amount of the sale. The Sales Tax Bracket Listing provides information on the tax bracket and the taxable amount range. The report is useful for reviewing the accuracy of the sales tax range and corresponding tax amount for each tax bracket. Sales Tax Brackets are set up using the Sales Tax Bracket Maintenance function.

You can select to show the tax bracket details in the report.