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Microsoft Dynamics GP (Archived)

how to enter tax for cost plus tax

Posted on by 80

scenario if our item price is 100 and tax on it is 10% then next how next 2% tax will be apply on previous cost plus tax means on 110.please guide me

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  • Community Member Profile Picture
    Community Member Microsoft Employee on at
    RE: how to enter tax for cost plus tax

    Dear MEHTAB

    I suppose you worried about 2% issue only, when you prepare ratio put as 2.2% in tax setup

    I mean you add 2% from 10% (0.02*0.1=0.002) + 2% from the origin cost (0.02)=0.022=2.2%

    in this way you will summarize percent from addition ratio+origin cost ratio in one step when you configure this tax item

    may be you have a second choice to handle with a manual insert for amount calculated out.

    B. Regards

    Mounir  

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