Change Tax Exempt Status For Purchases

To record the taxes your vendor does not charge you:

  1. Open the Taxes tab in the vendor record.
    1. In the Home window, click Vendors & Purchases on the navigation pane.
    2. In the Tasks pane, right-click the Vendors icon and select Modify Vendor from the menu.
    3. Select a vendor from the list and click OK.
    4. Click the Taxes tab.
  2. In the Tax Exempt column, click once to change the status.
  3. Click Save and Close.

Note:  Tax-exempt status always takes precedence. Once you have set up your tax exempt status in your vendor record, Sage 50 Accounting does not calculate the taxes during a transaction, even if the vendor usually charges it on a bill.