Dear Experts
Following is an query raised by client which i am unable to sort need guidance
We are working in Australian / NewZealand localization
following scenario needs to be catered in sap B1 AR invoice
item cost = 58,809
quantity = 1
discount amount = 6,469 cash discount that needs to be incorporated on invoice
discounted price = ( 58,809 - 6,469 )= 52,340
sales tax = 52,340 * 0.19 = 9,944
Following entry should pass in sap b1
ABC client 62,285
discount 6,469
cos could be any amount
revenue account 58,809
tax account 9,944
inventory could be any amount
Issue is that tax should be calculated on discounted amount instead of gross amount.
and cash discount should be entered at invoice level instead of at the time of payment received as it is Legal requirement.