We have 2 campuses in New Mexico in 2 different cities. Each city has its own sales tax rate. We also have one campus in Colorado with 4 different taxing entities each with their own sales tax rate so it does not look as though Populi can give us the information that we need for collecting the correct sales tax and reporting for sales tax that we have received. Is there anything that can be done to accommodate the different sales tax rates and reporting that we will need in order to successfully use the bookstore?
Also, in New Mexico we have a Gross Receipts Tax instead of a sales tax. Gross Receipts are charged on just about everything in the state including tuition & fees. We would need to be able to charge this Gross Receipts tax for tuition and fees. The Gross Receipts tax is only payable when an invoice is paid - not at the time the invoice is created. In order to report the correct gross receipts tax that is due, we would need reporting that would show how much money we collected net of the gross receipts tax.
Thanks for your consideration.