The Sales Tax Report tab of the Reseller Toolkit summarizes sales tax charged to your business and collected by your business to determine your net tax position. For taxes collected, the worksheet looks at sales tax collected from both product sales and other revenue. For taxes paid, it looks at sales tax paid for inventory acquisition and on other expenses.
Please note that this report is related to sales tax only, not income tax or other tax types. For income tax and other tax expenses, record these as expenses related to an Income Tax category in the Expenses tab.
If you report on taxes by calendar year, the net value in cell G15 is what you owe the government for sales tax, so any tax collected minus any tax paid on business expenses.
The 2 charts beneath the report help to identify tax inflows and outflows for your business.