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Old 04-22-2001, 01:10 PM
BRL BRL is offline
LawnSite Bronze Member
 
Join Date: Jun 2000
Location: Somerset, NJ
Posts: 1,211
The tax that Ocutter is referring to is the NJ State Sales & Use Tax and is not an expense, it is a liability. As a certified agent of the state you are simply collecting the sales tax due for services rendered, and then forwarding it to NJ. The sales & use taxes for materials & other expenses that John mentioned are usually already included in the receipt or invoice you receive for that expense, and it is not necessary to separately track the tax from the expense. I can't remember exactly what G & A stands for but it refers to your General Ledger?
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