Vendor Tax

There may be some instances where your Vendor charges you tax. To capture this properly follow the instructions below so when you add the Vendor Bill and apply sales tax, it is properly hitting the configured accounts.

US Clients

If your Vendor charges you sales tax, you will need to setup the appropriate GL account you will want the tax to be allocated to in the Vendor WIP Tax Account and Vendor NonWIP Tax Account as shown below:

Open

*If you do not practice WIP accounting, you will only need to select the Vendor NonWIP Tax Account

Canadian Clients

If your Vendor charges you sales tax, you will want to attach the Vendor record to the correct Payable GST/PST template as shown below:

Open

*For additional information on how to setup GST / PST Templates please see GST / PST Tax Templates (Canada Only).