Has anyone ever encountered tax collected being dr...
# accountinga
amelia.brown
02/21/2020, 2:34 PMHas anyone ever encountered tax collected being drastically less than tax due? What would be the issue there?
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Catherine Fray
02/21/2020, 2:36 PMWhat tool are you using for tax? Is it possible you've extended a discount to the customer that's either not set up properly for tax or which is actually not reducing the tax due under that particular tax code?
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amelia.brown
02/21/2020, 2:51 PMI'm checking on that.
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C_Billings
02/21/2020, 3:03 PMWhich Country? There is such thing as Withholding of VAT by Customers
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amelia.brown
02/21/2020, 3:04 PMUS
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C_Billings
02/21/2020, 3:05 PMSo how do you know when you receive payment they are shorting you the tax amount?
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amelia.brown
02/21/2020, 3:51 PMLooking at Sales Tax Liability by Tax Item report - I'm not real familiar with this. But the Tax Collected is much less than the Tax Due column and I need to know why
amelia.brown
02/21/2020, 4:04 PMHow is that tax due column calculated?
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C_Billings
02/21/2020, 4:07 PMSorry. Cant help much on that one. I dont even use that report
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amelia.brown
02/21/2020, 4:14 PMThanks!
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C_Billings
02/21/2020, 6:06 PMthere is a description of the report in the help menu...have you looked?
C_Billings
02/21/2020, 6:06 PM• Tax Collected – this column shows the tax amount that results from multiplying the amount in the Taxable Sales column by the Tax Rate for that transaction.
• Tax Due – this column reports the total tax amount due to the tax agency for this tax code. This amount is the total as of the last date selected on this report.
C_Billings
02/21/2020, 6:07 PMso it appears that tax collected is for a transaction while tax due is a running balance
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amelia.brown
02/21/2020, 9:25 PMI found that - there is also a SuiteAnswers article. Thanks!