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Contents
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Use this report to create a list of vendor invoices for which the compensating (comp) tax calculated at the time of invoice entry does not agree with a calculation at the current rate. This is useful in assuring your district is paying the appropriate tax amount to the Washington Department of Revenue.
Incorrect tax rates can sometimes be used if the rate in the tax rate table is not promptly changed when there is a rate change by the state or a local taxing authority. (Rates may be changed in the Comp Tax Rates setup utility.)
Differences in amounts for transactions paid before the conversion to Skyward may be legitimate. If the invoice was paid before conversion, it will be marked with an asterisk on the report and a footnote of "Indicates the invoice was paid prior to conversion" included on the report page.
This report is created only as a section appended to one of the other comp tax reports. Create the report in any of the following ways:
Comp Tax Status Report (Check the "Run Exception Report" option.)
Comp Tax Generated Invoice Report (Check the "Run Exception Report" option.)
Comp Tax Reporting Totals (An exception report is automatically appended.)
Page Updated 11/04