Good morning!
This is a super basic question here, but I'm just curious what practices are out there. Its about accounting for sales tax on materials POs
Does any one add an anticipated amount for tax on the PO?
Do you leave the material cost on the PO, and the tax amount is a variance? (overage)
Do you add a line item on the PO for tax? blank? anticipated amount?
Thanks for your feedback!
------------------------------
Andrew Amrhein
Controller
Florida Certified Contractors
St. Augustine FL
(904) 824-2301
------------------------------