Include Sales Taxes on a General Journal Entry

To include the sales tax on a general journal entry:

1. Make your general journal entry, choosing at least one account that is linked to a sales tax.
2. Click the Sales Tax button.
3. Select whether this transaction is a purchase or sale.
4. Sage 50 Accounting automatically lists the accounts that are linked to a sales tax. Select the appropriate tax and tax codes for each account.
5. If you do not track all sales taxes for this transaction in a specific account, you can add the remaining taxes in the Other Taxes Paid box. Sage 50 Accounting enters a value in these boxes based on the Tax Code you selected; however, you can change these values.
6. Click OK.