Accounts Payable, Accumulating USE Tax

Sales tax tracking is a fairly simple and straightforward process. Tracking USE taxes, however, can be more difficult unless you use a little easy to do trick:

First enter the AP invoice for an out-of-state purchase but add sales tax to the invoice, even though the out-of-state vendor did not charge tax

Then on the voucher, pay the tax amount using the Comptroller's credit card. The balance of the transaction is now the amount properly owed to the vendor.

When the transaction is posted, a liability is created for the Comptroller for the amount of the tax against the credit card account. At the end of the month pay the Comptroller for the USE Tax owed. It will be the amounts charged to the special credit card.

And Now You Know:
Recovery Procedures

**If you ever see "Computer Check Error" that simply means that there was an error found in a computer check batch. To fix this simply mark the batch, the Status changes to Edit Required. Make note of the Batch name and click continue. The batch Status changes to Available. Edit the batch and correct the errors and re-post!**

NextCorp and SMB Suite are now on Twitter!

http://twitter.com/NextCorp

http://twitter.com/SMBSuite

Promotions:

For more information about promotions, please contact Anis Sabeti at (214) 574-6398 X 108
asabeti@nextcorp.com

Sage MAS90/200
(New Customers)
(expires 12/18/09)

New Customers migrating from Sage MAS90/200 to MS Dynamics can receive up to a 50% discount on Advanced Management (AM) or Business Essential (BE) users. In addition your customers can receive a service rebate of up to a 25% discount of the Suggested List Price (SLP) to apply towards implementation costs and/or services, with a maximum amount of $25,000 USD.

LMT 20% Sales Offer
(Existing Customers)
(expires 6/26/09)

Receive up to 20% off the License Model Transition fee.
Receive up to 20% off additional functionalities: BRL Users and/or BRL Modules.

Renewal Loyalty Offer for MS Dynamics GP
(Existing Customers)
(expires 6/26/09)

Customers with 3 years or more in tenure and currently on a service plan can avail themselves of a $500 loyalty coupon that can be applied to a qualified license purchase of new modules, adding additional users or transitioning to Business Ready Licensing at the time of Renewal.

License Sales Offer for MS Dynamics GP
(Existing Customers)
(expires 6/26/09)

Receive up to 25% OFF MS Dynamics user and module license purchases.

Fresh Start Offer for Lapsed Customers (Existing Customers)
(expires 6/26/09)

MS Dynamics GP customers lapsed from their service plan for 3 years or more can receive investment credit for the last known recorded value of their MS Dynamics Modular-Based towards the cost of an equivalent MS Dynamics BRL solution when the reenroll by June 26, 2009.

Microsoft Dynamics Distribution Sales Offer
(Existing Customers)
(expires 6/26/09)

Take advantage of a limited time offer* to expand your MS Dynamics solution with additional distribution functionality.

> Receive a 5% discount on selected distribution modules/granules when the total purchase price is under $4,999.99.

> Receive a 10% discount on selected distribution modules/granules when the total purchase price is $5,000 - $9,999.99.

> Receive a 15% discount on selected distribution modules/granules when the total purchase price is over $10,000.

Business Intelligence and Collaboration Sales Offer
Existing Customers)
(expires 6/26/09)

> Receive a 20% OFF selected MS Dynamics Business Intelligence modules/granules for purchases over $3,000 USD.

> Receive a 10% OFF selected MS Dynamics Business Intelligence modules/granules for purchases up to $3,000 USD.