Tax Reports - Quarterly and Year End
Quarterly and Year End Reports - I would like to be able to generate quarterly and year end reports. I use this and then send reports to my accountant, and he runs taxes. Basically I need to run reports based on both when the invoices are issues, as well as when the invoices are paid (which is how I process my finances for taxes) So, I can set up my year end date, which would allocate Q1, Q2, Q3, Q4. and I can run a financial report for Q1 -2013-paid, which will show all invoices, line by line for invoices paid in Q1, as well as my totals. these line would also need to have the following: Invoice#, Client, Category, total billed, cost, profit, tax. Then it would be good to get a few variations on this. Year End, would do the same, but would run all 4 quarters, with a quarterly summary.
I have to send my sales tax report monthly, one issue with the system when you run the sales report, it does not calculate the sales tax collected for net 30 customers, it only reports total sales tax regardless if collected or not. So you have to do a report on total payments received and calculate yourself. If you have customers that are tax exempt then I don't know how to figure this out.