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sargeant66
Feb 17, 2013, 07:14 AM
I ran a sales tax liability report and the toal sales does ot match my total income on my profit and loss staement. The difference is the discount we allow for early payments and then the frieght out that we charge customers. Is this correct?

paraclete
Feb 17, 2013, 09:50 PM
Depending upon the jurisdiction I would say you might be entitled to a refund on discounts allowed and you would be liable for sales tax on freight invoiced