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Former Member

Discount based on gross value

Dear Guru's,

Can you please tell me how to make system to adjust the tax component(reversal), to the extent of discount amount while doing F110 for customer. Below are the steps.

1. During billing the below are the accounting entries.

Customer dr.

revenue cr.

sales tax cr.

discount accrual dr.

provision for discount cr.

Since i have made check of discount based on net in obyc, discount will not have tax component also the discount condition is a statistical one where accrual check is done.

2. During the payment by customer below should be entry

customer cr.

bank dr.

actual discount dr.

sales tax dr(to the extent of discount value which is already included while posting billing)

How can we achieve the point 2. currently with my setting sales tax amount is not getting adjusted but i want it to be adjusted.

Regards,

Hem

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