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Sales Tax Charge From Vendor

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Posted on by GS-17051342-0 126
We are being charged sales tax from a vendor. I am curious as to how everyone is entering this in the purchase invoice. My first thought it to set up the tax area code and tax group code so the total excl. tax and total tax follow suit. Using this method the $5.99 is then being posted to sales tax payable. Is this correct, even though we are paying the vendor the sales tax. 
 
 
 
 
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  • GS-17051342-0 Profile Picture
    GS-17051342-0 126 on at
    Sales Tax Charge From Vendor
    I haven't received a solution.
  • VaHiX Profile Picture
    VaHiX 1,455 on at
    Sales Tax Charge From Vendor
     

    ** Please don't forget to close up the thread here by Like and verify it as an answer if it was solved **

  • GS-17051342-0 Profile Picture
    GS-17051342-0 126 on at
    Sales Tax Charge From Vendor
    Yun Zhu - If this is being paid to the vendor it should hit Accounts Payable. In the past I would just put the total amount of the invoice as the direct unit costs. Business Central should have a field to indicate if the vendor is charging it or not. If the vendor charges it then the liability should be accounts payable. If the vendor does not charge it then the liability should be sales tax payable.
     
     
     
     
  • Suggested answer
    Jun Wang Profile Picture
    Jun Wang 7,154 Super User 2024 Season 2 on at
    Sales Tax Charge From Vendor
    You could stop BC from calculating tax if this is what you need. I would suggest you to work with a financial person to outline what you want the system to behave for certain venders like your case and experts could offer more tailored suggestions.
  • Suggested answer
    YUN ZHU Profile Picture
    YUN ZHU 70,124 Super User 2024 Season 2 on at
    Sales Tax Charge From Vendor
    Hi, what account should this tax be recorded in?
    If it is just for bookkeeping, you can use G/L Account.
    If it is an expense and needs to be allocated to the cost, you can use Item Charge.
    If this is part of the product, you can directly enter the price including tax.
     
    Hope this helps.
    Thanks.
    ZHU
  • VaHiX Profile Picture
    VaHiX 1,455 on at
    Sales Tax Charge From Vendor

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