Can you advise what functionality in IFS will be able to handle the following scenario.Customer orders with Installation in British Columbia, the cost of the product is self-assessed 7% and remitted directly to Government of British Columbia. Customer is only charged GST for this type of sales. Company is responsible to self-asses and remit 7% of cost of product direct to BC Government.The expected journal entries are as follows.Credit BC PST , Debit COGS. I have tried both use taxes and tax withhold type tax codes but was not successful in meeting the above requirement.
Is ‘Import Lease Opening Balances’ option available in cloud? I find it in apps 10, but appears missing in cloud. Appreciate assistance.
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