thread Re: Taxable Item Sales vs Gross Sales in Archived Discussions (Read Only)

Taxable Item Sales vs Gross Sales

mustlovedogsia — Mon, 23 Jan 2023 01:38:50 GMT

When pulling reports for my taxes, I have only 1 tax and all my items are "taxable" they are all services, my Gross Sales is different than my taxable items??

Example:

Sales Summary says I have gross sales of 48840.28

Taxes report states taxable items sales at 41373.49

I only have 1 tax set up that is 7% every sale is taxable as they are all services, but they only collected taxes on 41373?

Re: Taxable Item Sales vs Gross Sales

Candlestore — Tue, 24 Jan 2023 16:23:10 GMT

@mustlovedogsia ;

Gross Sales are the Total of your Goods you sell

Taxable Item Sales are the total after of your items less any Discounts.

You actually want to compare your Net Sales amount and your Taxable Items Sales..... These should come out right.

Mine did once I added in my Non Taxable sales to my taxable sales..... this then equaled my Net Sales