Workflow Templates: Sales Tax Reporting Checklist

Collect all sales invoices and receipts for the reporting period

Compile exempt and zero-rated sales documentation

Ensure access to purchase records for sales tax paid on items for resale

Verify that sales tax has been correctly calculated and applied on all taxable sales

Check for any errors or discrepancies in sales records

Reconcile sales ledgers with bank deposits and other financial records

Summarize total sales and calculate taxable sales for the period

Apply the appropriate sales tax rates to taxable sales

Deduct any sales tax credits from tax collected on returns or exempt sales

Complete the sales tax return form as per jurisdictional requirements

Review the return for accuracy and completeness before submission

Submit the sales tax return and remit payment by the due date

Store all relevant sales tax records and documentation securely

Update sales tax rates and regulations in accounting systems as they change

Ensure ongoing compliance with all sales tax audit requirements

Sales Tax Reporting Checklist