Example: Separate Posting Lines
Consider an invoice for a purchase order where the goods have already been received (the same tax code applies to both items):
Material A |
1000 |
Material B |
3000 |
Total |
4000 |
5 % tax 1 |
200 |
2 % tax 2 |
80 |
1 % tax 3 |
40 |
Total |
4320 |
On the vendor screen, enter 4320 into the field Amount, 320 into the field Tax, and the tax code into the field Tax code. On the document check screen, the system displays how the taxes are posted:
Postings:
Vendor account |
4320 |
GR/IR clearing account |
1000 |
GR/IR clearing account |
3000 |
Tax account 1 |
200 |
Tax account 2 |
80 |
Tax account 3 |
40 |
The postings are similar to those for deductible tax, with the difference that deductible tax does not provide for multiple levels.
