Sales Tax Payment run when tax recoverable is more than tax payable

(0) Share

Report

Posted on by Community Member

Hi,

This issue is when i do the monthly sales tax payment run in General Ledger-->periodics.

I have recoverable amount more than payable in particular month. Say my recoverable amount in January is 100 & payable is 20. So there is no tax payment liability in January month as i have net recoverable of Rs.80. Still wen i go ahead and say Ok, system gives me voucher imbalance error. Further, say in next month February, i have payable amount more than the recoverable amount & my liability for February month is 250. Ideally, my net liability for february should be Rs.250(For feb Month)-Rs.80 (Recoverable of January month)=170.but system does not consider any excess recoverable of jan month as it considers only net liability for current month.

Kindly help. how to tackle this issue??

Has microsoft come out with any hotfixes for such treatment?

*This post is locked for comments

I have the same question (0)

All responses (1)

Answers (0)

Ludwig Reinhard Microsoft Employee on at

Like (0)

Report
Copy link

Link copied!

Hi Monahb,

If you have a receivable in January you should still be able to get the sales tax transaction posted. Can you provide some additional information on the error message that you receive?

Best regards,

Ludwig

Was this reply helpful? Yes No