Chapter 2. Accounting Services
Section 2.8. Accounts Receivable

2.8.2.5. Deposits of Sales and Use Tax

Both the amount of the revenue (less the tax as computed on the collection schedule) and the amount of the tax must be entered on the Remittance Report included with each deposit. Each operation must keep all supporting documents (cash register tapes, etc.) used in completing each Remittance Report for a period of seven years. When the deposit is made, the amount of the tax is recorded in the Sales/Use Tax Liability account. These taxes are remitted to the State monthly by Accounting Services.