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    sargeant66's Avatar
    sargeant66 Posts: 6, Reputation: 1
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    #1

    Feb 17, 2013, 07:14 AM
    Answers to accounting questions
    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's Avatar
    paraclete Posts: 2,706, Reputation: 173
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    #2

    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
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