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Inventory Use Tax

Record an inventory use tax percent for your locality and display the use tax in the Sales Profitability report.

You can set the current inventory use tax to use at Admin -> Setup - Billing -> Company Options on the General tab by entering a value for Inventory Use Tax.

When you go to Billing -> Reports -> Sales Profitability there will be two new columns. There is now an Inventory Cost column which contains the total cost for all inventory items on the invoice (it ignores non-inventory items). Next to that is a column called Inventory Use Tax. This shows the inventory use tax due for each invoice with a grand total at the bottom.

Available in NolaPro 5.0.10241 and higher.