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author's profile photo Former Member
Former Member

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

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

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  • author's profile photo Former Member
    Former Member
    Posted on May 19, 2015 at 12:42 PM

    Dears,

    Any Replies?

    Thanks & Regards,

    Kerolous Samuel

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    • Former Member Former Member

      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

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