In this tutorial, we will review how to update the 1099 amounts for a vendor. For this scenario, let’s say that after reviewing the 1099 vendor report, we noticed that the amount and code for a certain vendor is incorrect. This can happen if an invoice is keyed incorrectly when originally entered. Thus, we need […]

In this tutorial, we will learn how to process a credit adjustment in three simple steps. First, we will create the credit adjustment, then release the credit adjustment, and finally, pay the credit adjustment. In our example scenario, we have received a vendor’s debit memo charging $200 for additional services. Acumatica Payables For the first […]

We have recently been asked by several clients if Sage 300 ERP (formerly Sage Accpac) can calculate a Use Tax on purchases made from vendors who do not normally charge sales tax. The answer is yes. Setting up a Use Tax is actually a two part process: the setting up of the Use Tax in […]

Several of our clients have recently asked us how to process an invoice for a vendor in which the company needs to calculate and record a use tax.  In most instances, a use tax is required when you purchase items from a vendor for resell; however, in this example, let’s say you will be consuming […]