Accounting & Payments
The Accounting and Finance team is responsible for the timely processing of all accounting related transactions such as vendor invoices, purchasing, requisitions, travel and business reimbursements, and purchase orders. The team also oversees P-Cards and travel reimbursements and related services.
The Accounts Payable department is responsible for tax related reporting such as Sales Tax, State Withholding and 1099 Misc. All information is reported to the IRS per regulated guidelines.
Sales and Use Tax
Sales tax is imposed on the retailer by the State Board of Equalization for the privilege of selling tangible personal property at retail. This tax applies to purchases made in the State of California. Use tax applies to sales made by an out-of-state vendor to a California consumer by the State Board of Equalization.
If a vendor does not charge sales tax or charges incorrect sales tax on the invoice, the Research Foundation will adjust the amount on the invoice and pay the sales tax either to the vendor if located in California or to the appropriate state for out-of-state vendors. The additional sales tax will appear on the project’s monthly Account Status Report detail. Questions regarding sales tax should be directed to the Accounts Payable department at firstname.lastname@example.org.
Exemptions from Sales and Use Tax
The U.S. Government and U.S. Government agencies are exempt from sales and use tax. Purchases made by federal government projects where the title of such purchases is held by the U.S. Government are exempt from sales tax.