Terms related to consumer use tax
This article applies to:Avalara AvaTax Update
Here are a few terms to aid you in understanding how AvaTax Update handles consumer use tax.
|
Term |
Definition |
|---|---|
|
accrued tax |
The amount of consumer use tax accrued for a period |
| consumer use tax | Transactional taxes paid by the buyer instead of the seller |
|
DocType |
The type of document AvaTax Update processes |
|
tax calculated |
The tax amount for a transaction as calculated by AvaTax Update |
|
tax override amount |
The tax override amount you entered on the transaction |
|
tax paid |
The vendor tax paid for a transaction, entered as the tax override amount |
|
tax variance |
Tax calculated by AvaTax Update minus vendor tax paid |