Credit Memo for Sales Tax only

Yahoo Archive
1
If that is the case, you will need to issue a full credit memo and reinvoice. This is the only way to move the sales amount out of the taxable column on the report.

Christy J. Morris
Controller
Cold Jet, LLC
455 Wards Corner Road
Loveland, Ohio 45140
USA

+1 513-716-6370
+1 513-576-8986 (fax)
www.coldjet.com<http://www.coldjet.com>

[cid:image001.jpg@01CB0EFD.6E3A2450]
Setting industry standards in dry ice technology and solutions for over 20 years.

From: vantage@yahoogroups.com [mailto:vantage@yahoogroups.com] On Behalf Of cbmtax
Sent: Friday, June 18, 2010 12:20 PM
To: vantage@yahoogroups.com
Subject: [Vantage] Re: Credit Memo for Sales Tax only



Because our auditors want to see a credit memo (and so does the Board of Equalization in CA). Also, it will not show up in the sales tax report.

--- In vantage@yahoogroups.com<mailto:vantage%40yahoogroups.com>, Christy Morris <cmorris@...> wrote:
>
> Why not simply adjust the sales tax off the invoice to the liability account.
>
> Christy J. Morris
> Controller
> Cold Jet, LLC
> 455 Wards Corner Road
> Loveland, Ohio 45140
> USA
>
> +1 513-716-6370
> +1 513-576-8986 (fax)
> www.coldjet.com<http://www.coldjet.com>
>
> [cid:image001.jpg@...]
> Setting industry standards in dry ice technology and solutions for over 20 years.
>
> From: vantage@yahoogroups.com<mailto:vantage%40yahoogroups.com> [mailto:vantage@yahoogroups.com<mailto:vantage%40yahoogroups.com>] On Behalf Of cbmtax
> Sent: Thursday, June 17, 2010 6:47 PM
> To: vantage@yahoogroups.com<mailto:vantage%40yahoogroups.com>
> Subject: [Vantage] Credit Memo for Sales Tax only
>
>
>
> I need to issue a credit memo just for sales tax. A new customer gave us their resale infomation after we posted and sent the invoice and shipped.
>
> I can't get the credit memo to post with nothing in the lines and only tax.
>
> Any ideas (besides a full credit and rebill which is not ideal)?
>
> Monty Montgomery
> Controller
> Allwire, Inc.
>
>
>
> [Non-text portions of this message have been removed]
>



[Non-text portions of this message have been removed]
2
I need to issue a credit memo just for sales tax. A new customer gave us their resale infomation after we posted and sent the invoice and shipped.

I can't get the credit memo to post with nothing in the lines and only tax.

Any ideas (besides a full credit and rebill which is not ideal)?

Monty Montgomery
Controller
Allwire, Inc.
3
We create a credit memo with a special "Credit" line item and credit 1 cent because you can't credit 0 amount and on the same Credit memo we credit the sales tax. Then we have to go back and adjust the 1 cent back out.




________________________________
From: cbmtax <mmontgomery@...>
To: vantage@yahoogroups.com
Sent: Thu, June 17, 2010 6:46:30 PM
Subject: [Vantage] Credit Memo for Sales Tax only

Â
I need to issue a credit memo just for sales tax. A new customer gave us their resale infomation after we posted and sent the invoice and shipped.

I can't get the credit memo to post with nothing in the lines and only tax.

Any ideas (besides a full credit and rebill which is not ideal)?

Monty Montgomery
Controller
Allwire, Inc.







[Non-text portions of this message have been removed]
4
Why not simply adjust the sales tax off the invoice to the liability account.

Christy J. Morris
Controller
Cold Jet, LLC
455 Wards Corner Road
Loveland, Ohio 45140
USA

+1 513-716-6370
+1 513-576-8986 (fax)
www.coldjet.com<http://www.coldjet.com>

[cid:image001.jpg@01CB0ED5.E5941060]
Setting industry standards in dry ice technology and solutions for over 20 years.

From: vantage@yahoogroups.com [mailto:vantage@yahoogroups.com] On Behalf Of cbmtax
Sent: Thursday, June 17, 2010 6:47 PM
To: vantage@yahoogroups.com
Subject: [Vantage] Credit Memo for Sales Tax only



I need to issue a credit memo just for sales tax. A new customer gave us their resale infomation after we posted and sent the invoice and shipped.

I can't get the credit memo to post with nothing in the lines and only tax.

Any ideas (besides a full credit and rebill which is not ideal)?

Monty Montgomery
Controller
Allwire, Inc.



[Non-text portions of this message have been removed]
5
Because our auditors want to see a credit memo (and so does the Board of Equalization in CA). Also, it will not show up in the sales tax report.

--- In vantage@yahoogroups.com, Christy Morris <cmorris@...> wrote:
>
> Why not simply adjust the sales tax off the invoice to the liability account.
>
> Christy J. Morris
> Controller
> Cold Jet, LLC
> 455 Wards Corner Road
> Loveland, Ohio 45140
> USA
>
> +1 513-716-6370
> +1 513-576-8986 (fax)
> www.coldjet.com<http://www.coldjet.com>
>
> [cid:image001.jpg@...]
> Setting industry standards in dry ice technology and solutions for over 20 years.
>
> From: vantage@yahoogroups.com [mailto:vantage@yahoogroups.com] On Behalf Of cbmtax
> Sent: Thursday, June 17, 2010 6:47 PM
> To: vantage@yahoogroups.com
> Subject: [Vantage] Credit Memo for Sales Tax only
>
>
>
> I need to issue a credit memo just for sales tax. A new customer gave us their resale infomation after we posted and sent the invoice and shipped.
>
> I can't get the credit memo to post with nothing in the lines and only tax.
>
> Any ideas (besides a full credit and rebill which is not ideal)?
>
> Monty Montgomery
> Controller
> Allwire, Inc.
>
>
>
> [Non-text portions of this message have been removed]
>