Your Coeur d’Alene business sales returns should be handled as if they were negative sales. Prepare a separate return invoice (or credit memo, or whatever you want to call it) for each return, and mark it clearly return or refund.
- Write down all the information that was on the original invoice, including the sales tax.
- Record the return the same way you record current sales.
You don’t record the return on the date the original sale was made. The return is recorded when the return is made, not when the original sale was made.
For Tax Resolution or Tax Preparation services in Coeur d’Alene Idaho click here.
Recent Comments