Summary

The Excise Tax Report will display a list of invoices filtered by Invoice Date and applies a user defined invoice cap amount and excise tax rate to those invoices. Committed and uncommitted invoices created in AP> Invoices will display on the report.

The Excise Tax Report will only display the invoices of vendors that have the Excise Tax toggle checked on the Vendor Maintenance window (AP> Maintenance> Vendor> Details tab).

Step by Step

1     Open the Excise Tax window (AP> Reports> Excise Tax Report).

2     Complete the Print Options section.

• The From Date and To Date fields are used to filter the invoices that display on the report by invoice date. When creating an invoice (AP> Invoices), the invoice date is entered in AP> Invoices> Enter Invoices> Create a new invoice> Invoice Date field.
• Enter the excise tax rate in the Tax Rate field.
  • The Tax Rate will be multiplied by the taxable amount.
    • The taxable amount is the invoice amount after the Invoice Cap Amount field has been applied. If an invoice cap amount is not applied, the tax rate will be applied to all the vendor invoices included on the report based on the date range.
    • Taxes and handling added to the invoice will be included on the invoice amount (AP> Invoices> Enter Invoices> Create an invoice> Handling and Tax fields).
  • The report does not include any taxes paid on the invoice when calculating the excise tax.
• Enter an Invoice Cap Amount. This is an optional field.
  • The invoice cap amount sets the maximum amount that will be taxed on each invoice included on the report.
    • For example, if an invoice is $775 and the cap is set at $500, the tax will only be calculated on $500.
  • Taxes and handling charges applied to the invoice will be included in the invoice amount (AP> Invoices> Enter Invoices> Create an invoice> Invoice Information section> Handling and Tax fields).
• Select the tax entity you are generating the report for in the Tax Entity drop-down menu.
  • The selection in the drop-down menu will only affect the title of the report.
• Select a Report Type from the drop-down menu.
  • The Summary report will display the Invoice Number, Vendor Number, Vendor Name, Invoice Description, Invoice Amount, Taxable Amount, Total Tax and Grand Totals.
    • The Invoice Amount column will display the invoice amount included on the report. The invoice amount will not include taxes, but it will include shipping and handling.
    • The Taxable Amount column on the report will display the invoice amount after the invoice cap amount has been applied.
    • The Total Tax column will display the tax calculated on each invoice included on the report.
  • The Detail report will display everything included in the Summary report as well as the Invoice Date, Check Number, Check Date, and GL Account Number.

3     Print the report.

• Click the Print icon to process the report immediately or enter a date and time in the field next to the Print icon to schedule the report to generate at a later time. You can view the progress of the report on the Job Viewer window (SS> Utilities> Show Scheduled Jobs).
  • Click the Print icon drop-down menu and select Print Preview to preview the report before printing.
  • Click the Print icon drop-down menu and select Excel to export the report data to an Excel spreadsheet as unformatted data.
  • Click the Print icon drop-down menu and select Excel (Formatted) to export the report data to an Excel spreadsheet that includes much of the Springbrook formatting found on the printed version of the report.
  • Once the report is generated, you can also display the report using the View Reports window (SS> Utilities> View Report).