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SedonaSetup Accounts Receivable Setup Tables/Options
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Purpose: |
To define the Vendors to whom you will remit sales tax payments. These tax agencies are linked to the Tax Table. |
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Prerequisites: |
Chart of Accounts, Terms, Branch, Category |
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Required or Optional: |
Required, if charging your Customers Sales Tax on Invoices. |
A Tax Agency is a municipality to whom your company will remit sales tax that was invoiced to your customers. Tax Agencies may be a state, county, city or any other entity to whom sales tax is remitted.
If your company does not collect and remit sales tax to a government agency, you will still need to set up a Tax Agency for the state in which your main office is located.
FRM 24070