Hello Experts,
I have a requirement that tax should be calculated on freight.
eg:Gross price : 50NZD
Fright :5NZD
Total :55NZD
Tax@15% :8.25NZD
On doing Goods Receipt Acoounting entries should be:
Stock account: +55NZD
GR/IR : -50NZD
Freight : -5NZD
Note: I am using tax procedure:TAXNZ
To achieve this please let me know how should I do the system settings or configuration.