Sales tax rates and rules vary by state and locality, and vacation rental businesses must collect and remit any applicable sales tax to comply with the regulations in each jurisdiction where they conduct business. The OwnerRez Taxes Detail Report assists users in automating the collection of and, in turn, the reporting of their sales tax to the proper tax authorities.
Running the OwnerRez Taxes Detail Report can help users ensure accuracy, save time, and reduce the risk of errors and penalties.
To run the Taxes Detail Report, users can navigate to Reports > Detail Reports > Taxes, select from the following fields, and then click Run Report.
- Which properties
- Time period
- Which listing sites from the drop-down list/filter
- Taxibility
- Filter by the following Calculation Methods.
- Accrual
- Any stay during period
- Use arrival date
- Use departure date
- Use booked date
- Include Owner, Pending, or Canceled bookings by clicking or unclicking the checkboxes.
- Cash
- Select the Deposited options (e.g., Doesn't Matter, Yes, No)
- Accrual
- Choose the Report grouping from the drop-down list/filter
- Selecting None will provide a complete summary
- Selecting other groupings will result in "mini reports" for each group with a Grand Total summary displayed at the top.
The Taxes Detail Report will be previewed below, including booking sales tax columns with totals listed at the bottom of the report.
Users can choose to Print or Export (and save) the completed Tax Detail Report. See the Taxes Detail Report PDF Example.
Learn more by reading our Taxes Overview, Collecting Tax Information and Configuring Taxes support articles.