Hi,
I create a tax code N with the tax type “No Tax”. When I use this tax code in an Instant Invoice, the transaction is not showing in the tax ledger.
However, I can see other transaction with the tax code “N”. Does anyone know if this is the expected behaviour? I was expecting to see all transactions with a tax code in the subledger, despite of the tax type.
Thanks
+11Hi Adri,
Yes, This is the expected behavior. No Tax means no calculation will be done as Tax and No tax postings will be triggered. If you want to trigger tax posting then Tax type should be VAT and you can define the percentage as Zero. This will trigger tax postings and tax transactions which will fetch for Tax reporting.
Hope this will help.
Regards,
Akila
Hello
+11Hi
As far as I’m aware, there’s no setup to create Tax Transactions for Tax Types No Tax. If you want a Tax transaction to be generated Tax type should be something other than No Tax. ie Tax or Calculated Tax
Regards,
Akila
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