Sales Tax Automation - Reports
Sales Tax Liability Report
The Sales Tax Liability report displays the list of sales transactions for which the sales tax was applied. It helps you track how much sales tax you’re liable to collect and pay to the respective tax authorities.
To view the Sales Tax Liability report:
- Go to Reports.
- Select Sales Tax Liability under Taxes.
The list of transactions based on the Reporting State will be displayed.
- Click on the reporting state to view the transactions grouped by the respective Reporting Tax Authority.
- Click on a tax authority to view the transactions based on the taxes applied to the transactions. They’re basically grouped as the Taxes available in your organization and Non-Taxable Sales.
- Click on a tax to view the associated customers and their transactions.
By default, the report will be generated on an Accrual basis. To generate the report on a Cash basis:
- In the Sales Tax Liability report page, click the Report Basis dropdown at the top.
- Select Cash from the dropdown.
- Click Run Report.
The report will be generated accordingly.
Exception Report
Sales Tax Automation in Zoho Billing automatically calculates taxes based on the available transaction details. However, in some cases, required information may be incomplete or tax may be applied manually. Such transactions are treated as exceptions and are listed in the Exception Report for review.
If the details required for tax automation are incomplete, Zoho Billing will still auto-compute tax using the available information. These transactions will appear in the Exception Report along with the reason for review, allowing you to verify and correct them if necessary.
The Exception Report also includes:
- Transactions where tax was calculated using incomplete tax automation data.
- Transactions where sales tax was applied manually even though tax automation was enabled.
To view the report:
- Go to Reports.
- Select Exception Report under Activity.
By reviewing the Exception Report regularly, you can identify transactions that require attention and ensure that sales tax calculations remain accurate and compliant.
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