Is it possible for sales tax charged on a supplier invoice and paid to the supplier to be added in the expense account on the line, instead of having it as a separate transaction line?
Example: Manufacturing Supplies costs $100.00 and sales tax is $8.00.
We would like to see the full $108.00 going to the expense account
Thanks for your help
Laura
Best answer by Shehan Almeida
Hi,
You can use 0% deductible tax code for this purposes.
Nondeductible tax will be fully charged to the relevant expense account and the total payable will be charged to the supplier.
Hope this helps.
Shehan Almeida.
+18Hi,
You can use 0% deductible tax code for this purposes.
Nondeductible tax will be fully charged to the relevant expense account and the total payable will be charged to the supplier.
Hope this helps.
Shehan Almeida.
Hi,
I have the same situation. But when I perform the Posting Proposal, I am out of balance by the tax amount. I would like to have this work automatically.
The accounting for the receipt transaction worked beautifully.
Is there something I need to adjust for the IP3 posting control?
Thanks.
Mark
Hi,
I have the same situation. But when I perform the Posting Proposal, I am out of balance by the tax amount. I would like to have this work automatically.
The accounting for the receipt transaction worked beautifully.
Is there something I need to adjust for the IP3 posting control?
Thanks.
Mark
Hi, just wondering if anyone has a solution for this?
Thanks,
Mark
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