I am trying to set up use taxes in Epicor and need some help. Our company is a manufacturing/construction company. We have two different taxing scenarios. 1. Parts are shipped to our shop, we build something with them, then they are shipped to the job. In this case we pay a Virginia Sales Tax to the vendor we bought it from, then we pay a use tax to the tax authority that we ship our product to. (assuming it is higher than VA). 2. the second scenario, is that the parts are shipped directly to the job in which case we pay just pay the sales tax for that state (much easier).
The problem is part 1. How do i pay the use tax for items that are manufactured? When i enter the vendor's invoice i pay the vendor's tax no problem (currently we pay the use tax at this point to). I don't know the best way to pay the use tax though. I am thinking of doing a custom BAQ report that will generate a list of parts for each job, then show the tax rates we paid versus the tax rate for the ship to and calculate it that way, but that seems like it will be really easy to have something go wrong.
Any ideas would be appreciated.
Thanks
Bobby
The problem is part 1. How do i pay the use tax for items that are manufactured? When i enter the vendor's invoice i pay the vendor's tax no problem (currently we pay the use tax at this point to). I don't know the best way to pay the use tax though. I am thinking of doing a custom BAQ report that will generate a list of parts for each job, then show the tax rates we paid versus the tax rate for the ship to and calculate it that way, but that seems like it will be really easy to have something go wrong.
Any ideas would be appreciated.
Thanks
Bobby