Use Tax in Microsoft Dynamics GP 10
Posted Sunday, March 29th, 2009
Sales Tax collection and remittance is an often covered issue but Use Tax is often overlooked or ignored. In these difficult times, governments are increasing collection efforts and we are definitely hearing about increased use tax audits. While Microsoft Dynamics GP doesn’t provide specific use tax funtionality beyond it’s built in sales tax strengths, the sales tax features can be used quite effectively to accomodate use tax calculation, reporting and allocation.
To improve awareness of these features, I’ve created The Complete Guide to Use Tax Functionality in Microsoft Dynamics GP 10. The guide provides specific instructions and screenshots detailing how to setup Dynamics GP for various use tax scenarios using only default system functionality.
Tags: Tax
Posted in AP, PO, Purchasing
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DynamicZip Purchase Tax Accrual, available from Kamp-Data, Inc., is definately worth considering as an option for managing use tax.
http://support.kampdata.com/perspective.aspx?action=view&page=dynamiczip:PurchaseTaxAccrual