Consumption Tax Report

Use the information displayed in this report when you prepare Consumption Tax returns. Accounts only show on this report if they are defined on the Consumption Tax Report Account Setup form. You can use this information to recognize tax liability before invoicing occurs. The report shows a set of defined accounts and sums the total amount, non-taxable amount, taxable amount, and tax amount from the tax transactions for ledger transactions found for these accounts. Tax transactions are not reported under the tax account but are reported off of the originating transactions account.