Sales Tax Report - Separate Taxable and Non-Taxable Items
Have a sales tax report that shows the non-taxable and taxable items in separate columns. It would make filing much much easier.
Sarah Barstad
shared this idea
For customers using our US edition, Xero has recently partnered with Avalara, a leader in tax automation software, to provide automatic, accurate sales tax calculations on new invoices and simple, state-based sales tax reports to make it easier to prepare for filing. With this it is now possible to show the non-taxable and taxable items in separate columns 😊 See here for more information, and a demo video.
To be transparent we don’t have any immediate plans for making this or a similar feature available in other country editions of Xero. But if that changes we’ll update you here.
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Carl Clemetson
commented
According to our state tax department, the majority of states require sales tax to be broken up in to taxable and non taxable sales. Then the taxable sales be further broken down by district. All taxable sales have state sales tax, then it's broken by city and county.
This was a clear advantage that Quickbooks Desktop had and a complete miss for Quickbooks Online. With their Desktop product, I could file sales tax in 15 minutes. Their online product, it would take 2 plus hours to sort out the right data. Xero is a mirror image of their online product in terms of the lack of functionality in the real world. Data is data. But data formatted into something usable is what true information is. And right now, Xero is giving me data without any useful information. Or at least allow us to create a template form to create this data that we can share across the platform. Would take me less time to create that than find the data I need to file.
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Thor Magnusson
commented
very important, this is how most of other accountant systems work