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Problem: The Sales Tax are Influenced by the Payment Terms Discount

Former Member
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Dears,

I have a problem, the Sales Tax is Calculated after deducting the Future Payment Term Discount from the Inventory.

For Ex:

Inventory Amount = 1000.00                              Payment Term:  5% Discount/10 Days - Net 30

Sales Tax 10%     = 100.00  

                            ---------------

Invoice Total           1100.00

In this case the System Calculates the Sales Tax in the AR Invoice to be 95.00  which is ((1000.00 - 5% Discount) * 10% Tax)

Thanks & Regards,

Kerolous Samuel

Accepted Solutions (0)

Answers (1)

Answers (1)

Former Member
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Dears,

Any Replies?

Thanks & Regards,

Kerolous Samuel

Former Member
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Dear Samuel,

What you want need final transaction ?

Regd,

Chetan

Former Member
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I need the Sale Tax (10%) to be calculated on the gross Inventory not the net Inventory after deducting the Discount.

In other words, I need the sales tax to be 100 not 95.

and the A/R invoice calculate it as 95 and this is wrong