Author: Maneesha R Nair

SUPPLEMENTARY TAX CALCULATION BUNDLE

The Supplementary Tax Calculation enables accounting and finance users to easily manage purchases where the input tax is partially reclaimable.  It is mainly used in Vendor bills, Expense Reports, Checks, and Vendor Bill credits. There is a work flow for Supplementary Tax calculation. Setting up Tax control Account and tax codes for Non deductible Tax… Continue reading SUPPLEMENTARY TAX CALCULATION BUNDLE

Tax codes are not available in the vendor bills/invoice

The tax codes are listed according to the tax nexus of the vendor/customer. The different scenarios of tax codes are added below: Default shipping address – Yes Default Billing Address – Yes then, the vendor bill will list the tax codes in the vendor address country. 2. Default shipping address – No Default Billing Address… Continue reading Tax codes are not available in the vendor bills/invoice

If the G/L Account has currency (other than Bank a/c)

If we provide a currency in a G/L account, then you cannot post transactions into this account in any other currencies. we can only post the transactions related to that particular currency which is specified in the G/L account (COA). For Example, when we select a currency in the journal, the system will list the… Continue reading If the G/L Account has currency (other than Bank a/c)