Hi All,
I need your help to resolve this issue. I am giving an example here for the scenario.
Original invoice £100.00 plus VAT of £17.50 = £117.50
Customer gets 5% discount for early payment
They pay £117.50 less 5% = £111.62 (ie £5.88 discount)
The discount should be accounted for as £5.00 credit for sales discount + £0.88 VAT
The effect is that VAT is accounted for on the net price, but it needs to go through the system as 2 separate transactions.
The first part, I know is taken care by SKTO condition type which is configured in our poricing procedure. The problem is with the splitting the actual discount and the tax to separate account keys.
Any help on this would be greatly appreciated
Thanks & Regards,
Vidya Sagar