Hello,
we are a mid sized manufacturing company located in Michigan and I am wondering how you handle sales and use tax on purchases that are taxable? I know there is a check box when creating a PO to mark it taxable but that doesn’t really seem to cause anything to happen in the system. Just wondering if there is a way in Epicor to have the system either calculate or truly notify if a purchase needs to be considered taxable. Thank you!
Try this…...Company Configuration /Modules/All Modules/Taxes/Detail, there is a section for purchase orders in which you can check the box for PO being taxable
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I believe the tax calculation require a couple of items to properly work.
One is the configuration within the Company Configuration as per
On the Supplier, there are a Tax Liability and a Tax Authority field. The Tax Authority field has to be populated with a definition for the %’age of tax to calculate. Most of the time, taxes are calculated based on the Supplier/Vendor set-up.
Hope this helps.
There is also an integration from Avalara and they will handle the tax calculations for you as well as exemptions and filings. Might be worth the look.
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