CloudSuite FSM - AP - show invoices with no sales tax

unknown

Hello.

We don't yet have AP implemented with Infor CloudSuite.  I have a scenario that I am assuming Infor AP is more than capable of handling but want to double check so I can report back to finance leaders accurately.

We have for profit and not for profit entities.  Today we struggle with our AP system to identify what invoices we have or have not paid sales tax on and some that are in state and out of state purchases.

I'm assuming with Infor AP we could at least use ISD to be able to pull fields with criteria of 'sales tax'?  Or does any reporting actually exist?  Scenario... 

1. We purchase something from a vendor, if they charge us tax, we are good to go and don’t need to do anything with that.
2. If a vendor doesn’t charge us tax, we somehow need to review it to see if we owe tax on it.  This happens a lot with out of state vendors.   I would define this as Use Tax, where we buy something, the vendor doesn’t tax us but the State of Ohio said that we should have paid tax thus we need to file a tax return and include these items.

I'm seeing tax report stuff in the user guide to 'report on what tax was withheld by invoice .. so would assume we could get what I'm being asked.. 

I hope that makes sense.. I'm IT and not a 'finance person'

Thanks for any feedback

unknown

Hello, there is a flag when you create a tax code: invoiced or accrued along with various other indicators. Scenario #2 is not a "use" tax, it is an accrued tax if you are talking about sales taxes. Your Finance Dept or Infor implementation consultant should be able to clarify during setup. You can report on this from the AP or GL side depending on what needs to be reported.