Example: Sales Tax Not Charged
Invoice for a purchase order where the goods have already been received:
Material A |
1000 |
Material B |
3000 |
Total |
4000 |
On the vendor screen, enter 4000 into the field Amount. On the individual item screens, enter the tax amount and the tax code, for example, for Item 1 = 3% tax and for Item 2 = 5% tax. On the document verification screen, the system shows how the taxes are posted:
Postings:
Vendor account |
4000 |
GR/IR account |
1000 |
Stock account A |
30 |
Tax account 1 |
30 |
GR/IR clearing account |
3000 |
Stock account B |
150 |
Tax account 2 |
150 |