Can anyone provide insight on how they would use the Tax Clearance Voucher to include postings to a Collection Allowance account? I was thinking about using an automatic posting rule to split off the discount after doing the tax clearing.
What is a Collection Allowance?
In the U.S., when Sales/Use Tax for certain states is remit to the state on a timely basis, a discount can be taken. This discount is called a Collection Allowance.
Looking forward to hearing from the community.
Thank you in advance.
Liz