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author's profile photo Former Member
Former Member

tax code gl postings

Hi

I hv assigned two GL accounts in Tax code.

one for foreign payments

other for domestic payments

how can I make settings in GL for foreign payments and domestic payments

ex: eur, sek, usd should post to GL xxxxxxxxx

Inr should post to GL xxxxxxxx

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Regards

Prasad

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2 Answers

  • author's profile photo Former Member
    Former Member
    Posted on Nov 30, 2007 at 03:30 PM

    Hi

    In my opinion this is not possible. You need to have different GL Accounts for foreign currency as well. Otherwise use only one GL Account with local currency INR specified.

    S Jayaram

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  • author's profile photo Former Member
    Former Member
    Posted on Dec 02, 2007 at 09:52 AM

    you can do this by using the Rule Tax Code.

    define your different tax code & assign respective GL A/C

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