I am just working with GP 2016 and noticed that the taxes related to puchases are not charged to the expense account but to a "tax" account. Not sure why.
If I go and buy office supplies and the cost is 113.00 with taxes isn't this the amount that will get charge to the expense account "Office Supplies"?
*This post is locked for comments
That depends on how you have taxes setup. The GL account is assigned on the detail. The expense account is assigned on the vendor. If you set both of these to go to the same GL account that you will have for what you ask. The other choice is simply to roll the entire invoice amount in to the amount of the invoice and not bother with sales tax. I would check with your accounting staff as to how they want sales tax handled.
Stay up to date on forum activity by subscribing. You can also customize your in-app and email Notification settings across all subscriptions.
#1
André Arnaud de Cal...
291,280
Super User 2024 Season 2
#2
Martin Dráb
230,235
Most Valuable Professional
#3
nmaenpaa
101,156
Share
Report
All responses (
Answers (