Terms related to consumer use tax
This article applies to:AvaTax
Here are a few terms to aid you in understanding how AvaTax 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 processes |
tax calculated |
The tax amount for a transaction as calculated by AvaTax |
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 minus vendor tax paid |