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Hi Experts,
I have to implement a taxing for a new company in GP.
1. I need to create 2 tax details
2. 1st tax is derive by percent of selling prize.
3. And the 2nd tax is little bit tricky. It needs to be derived by adding the Selling prize + and the 1st Tax; then from the derived value I need to calculate the percent. This will be the second tax amount.
4. My question is, Is this possible to achieve in GP?
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On the first tax detail click the box 'Taxable Tax'. On the second tax detail set Based On to 'Percent of Sale/Purchase plus Taxable Taxes' So if the purchase was $100 and the first tax rate was 5% the amount would be $105 plus a 1% tax would be 1% of $105 or $1.05 for a total tax of $6.05.
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André Arnaud de Cal...
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