Sales Tax

If you are going to consider the use of the web for external sales, you should make yourself aware of the requirements for collection of sales tax.  In terms of identifying taxable/non-taxable items, the Reporting & Taxation department on campus can be a resource.

Taxing on Generic Storefront

The sales tax will be manually calculated and added as a separate line item, with the credit going to the general ledger string 4031500000000000000000101, which is a university liability balance sheet account to record this activity.  TheReporting & Taxation department on campus will then file and remit the collected sales tax to the State.  The actual procedures as to how this will be handled thru the web application are still being finalized. 

Taxing on Regular Storefront

This functionality will need to be programmed into the storefront, such that items will need to be flagged as taxable or non-taxable (e.g., clothing is not taxable in Pennsylvania), tax will need to be calculated (7% as of 2007), and then identified to the general ledger string 4031500000000000000000101 for distribution.