I am having an issue with journals generated for Goods Receipt from Supplier for goods and services. I get the following result even with the right tax code chosen:
DR Civil Materials- Inventory - 2000
CR Goods/Service Received not yet Invoiced - 2000
The tax (150) element doesn't reflect in the journal and this does not give the true picture of the cost of the material. This behavior is the same for services. The supplier invoices carries the tax element. Was just wondering why its not the same for GR. How do I fix this? Thanks in advance.