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BairStrokes
Occasional Member - Level 1

Company Billed Statement & Tax Recovery

For those using Company Billed Statement (CBS) for PCard transactions, how is the tax recovery calculated? Is the factor method used for all? 

Would like a better understanding of what other CBS users are doing for tax recovery. 

 

Thanks! 

1 Reply
JessicaL
Routine Member - Level 3

We have site administrators that review each statement report. If tax was not collected appropriately, we make payments to the appropriate state on a monthly basis (or quarterly, depending on the state's rules). 

Jessica
Travel and Expense System Administrator