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Setting up a solution for reporting use tax
May 17, 2024
Q. We are investigating a tax solution for use tax and would like to understand how most companies get started with this and what the setup consists of. For example, is the setup for taxability normally based on a general ledger (GL) natural account code, categories we are purchasing, a general ledger combination (i.e. company, location, department, etc.), or all of the above? I am referring more to the accounts payable side of the business when we buy goods and services to ensure we are paying…
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