It can be a challenge to convert your POS numbers to something that fits into the Washington State Department of Revenue report.
Here's the basics on how you need to break your sales down:
- Gross sales split out into services, retailing, and wholesaling.
- For each of the above, whether these sales are in-state or interstate.
- Sales of products your company manufactured (split out into retailing and wholesaling).
- For retail sales, any sales that are tax exempt and why (packaged food sales is the main one we see).
- For retail sales, the 4-digit code for the district where the product was delivered
Other things you might need to have on hand:
- Any sales sold "at gross" (i.e. tax included).
- Tax you paid (and taxable amount) on products that you subsequently resold.
- Dollar and liter amounts of spirits sold.
- Dollar value of any samples you used (for tastings, product samplings)--these are subject to Use Tax.
- Products you purchased from an individual or an out-of-state vendor and didn't pay sales tax on--these are also subject to Use Tax.
Also, don't include your gift cards sold in your gross sales! These should go directly to a liability account on your balance sheet. The income is not taxable until the customer brings in the gift card and buys something with it.
These are just a few notes. If you would like us to examine your situation, or take over this no fun task, get in contact!