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