Basically you follow the directions I gave you on the first response.
amount outstanding / 1. = outstanding tax. This can be done in a report.
I would call the Stare Revenue dept and get an opinion from them. You accountant is misleading you. Sales Tax is incured at time of transaction (sale). It does not matter when you collect the $ nor what type of system cash or accrual you report on.
This get's pretty tricky and I have had to do this for my customers in Used Car sales. They don't want to pay 300+ on a car that they sold on the first and repoed on the 15th.
Good luck.
__Stephen Russell
>Mark and Stephen- > >Thanks for the interest in solving my SBT tax report issue. I am actually providing this report to my dad (his company). I checked with his accountant and because we use the cash method of accounting he mentioned that this should not be a problem as long as we are consistent and our A/R balance does not fluctuate drastically from month to month (keeping the consistency). We do plan to run the standard report to make sure we are not out of line compared with this report so we don't have materiality issues. > >Thanks again- > >Geoff
