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How To Allocate Sales Tax To Inventory Purchases In Sage 100 ERP

March 7, 2013 by Wayne Schulz

In some instances you may find that you would like to record the sales tax paid on your inventory purchases as part of the cost of inventory (consult your tax advisor on whether this applies to you).

Here’s how to do it in Sage 100 ERP fka MAS90 or MAS200:

  1. Open Library Master / Common and select Sales Tax Code Maintenance.
  2. Review the warning message and click ‘OK’.
  3. Select the desired Tax Code from the lookup or enter a new code if needed.
  4. Select the checkbox next to ‘Expense to Vendor/Item’.
  5. Select the Line for tax class TX.
  6. Make sure the ‘Purchases’ ox is checked.
  7. Confirm that the ‘Tax Rate’ is greater than 0.00.
  8. Set the Non-Recoverable % to 100.00%
  9. Click ‘OK’
  10. Accept
  11. Repeat for all tax codes needed.

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Filed Under: Sage 100 ERP, slider Tagged With: inventory, mas200, sage 100, Sage 100 ERP, sales tax

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Wayne Schulz is a Sage 100 Consultant located in Connecticut. He has worked with Sage 100 since 1986 and provides advanced support to companies located throughout the United States. If you are experiencing an issue with Sage 100 and would like to schedule a support session - please request assistance here or call 860-657-8544.

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