Skip to main content

Notifications

Small and medium business | Business Central, N...
Suggested answer

how to adjust sales vat ledger entries

Posted on by 764

in my sales invoice i also use discount and VAT both.

sales invoice = 100

discount = 10

VAT=4%

BC make entries like this

DR Receivables  = 93.6

DR Discount Account = 10

DR VAT account = 0.4

CR Sales = 100

CR VAT= 4

but i want system only credit VAT account with net amount that is 3.6 like below how this is possible.

DR Receivables  = 93.6

DR Discount Account = 10

CR Sales = 100

CR VAT= 3.6

Categories:
  • Suggested answer
    Bilal Haider Profile Picture
    Bilal Haider 43 on at
    RE: how to adjust sales vat ledger entries

    But as per my knowledge either separate discount posting will be done for both sales and VAT or not for any.

  • Afazal Profile Picture
    Afazal 764 on at
    RE: how to adjust sales vat ledger entries

    But I want discount G/L entry to make, I just want VAT entries to club into one line.

  • Suggested answer
    Bilal Haider Profile Picture
    Bilal Haider 43 on at
    RE: how to adjust sales vat ledger entries

    Hi,

    Ultimately result is same in terms of accounting. But if you want to remove discount posting you can go to Sales & Receivables and select No discounts in Discount Posting. In this way discounts will be applied but no extra lines will be created for discounts in G/L.

Under review

Thank you for your reply! To ensure a great experience for everyone, your content is awaiting approval by our Community Managers. Please check back later.

Helpful resources

Quick Links

November Spotlight Star - Khushbu Rajvi

Congratulations to a top community star!

Forum Structure Changes Complete!

🔔 Be sure to subscribe to the new forums you are interested in to stay up to date! 🔔

Dynamics 365 Community Platform update – Oct 28

Welcome to the next edition of the Community Platform Update. This is a status …

Leaderboard

#1
André Arnaud de Calavon Profile Picture

André Arnaud de Cal... 290,900 Super User 2024 Season 2

#2
Martin Dráb Profile Picture

Martin Dráb 229,297 Most Valuable Professional

#3
nmaenpaa Profile Picture

nmaenpaa 101,156

Leaderboard

Featured topics

Product updates

Dynamics 365 release plans