When going through at sales and use tax audit, the auditor will not only review source documents, but they will also review your accounting records, (i.e., the GL).
Auditors are not interested in every account in the general ledger. They focus on certain accounts of interest. I talk about those accounts in the video below.
- Auditors review more than invoices, contracts and other source documents.
- Various general ledger accounts including sales, sales tax accrual account, etc. will also be scrutinized.
- May sure all adjustments to these key accounts are well documented and explained.
More Tips in The Sales Tax Sisters Academy
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