The activity recapitulation report is a summary of all the store transactions for the store. The primary purpose of this report is to show the total amount of sales and layaways and the taxes payable for the dates selected. In the example, taxes should not be paid on the $110.00 sales amount in that some of the sales figure is layaways that have not been paid, and some will never be paid as layaways "drop". Taxes are reported payable on a "cash" basis, in that only when a payment is made, is part of that payment due as taxes. The only optional selection field is the dates of the transactions selected. In the sample report the tax rate is 5%, with some sample transactions to show exactly where taxes were computed.
Store Activity Recap Report
