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Contents
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Use this report to view a list of vendor invoices with the expected compensating (comp) tax due for them. It may be used throughout the various stages of Accounts Payable processing. Use it as a tool in reconciling expected and actual comp tax payments shown as due. Each invoice includes field values which indicate whether comp tax is calculated for the invoice and, if it is, the processing status of the comp tax. Based on the field values, the comp tax status is derived for selection by the user of invoices to be included in the Comp Tax Status Report.
Check the "Run Exception Report" option to create a list of exceptions, vendor invoices for which the 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. (An exception report may also be created by checking the "Run Exception Report" option in Comp Tax Generated Invoice Report. A list of exceptions are automatically appended when running Comp Tax Reporting Totals.)
Page Updated 2/04