Receivable transaction entry won't take negative number under the $sales$ field. Is there any way I can enter a negative number in that field? This is not a credit memo. The logic for this negative is to offset the tax piece of this transaction. We sold

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Posted on by Billy AY

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Receivable transaction entry won't take negative number under the "sales" field. Is there any way I can enter a negative number in that field? This is not a credit memo. The logic for this negative is to offset the tax piece of this transaction. We sold prepaid hours in chunks for support. This entry is used to offset the tax piece being applied against the prepaid monies. For example: $110 was deducted from the prepaid monies. The GL is debiting $110 against the liability account, $100 credit on income account and $10 on sales tax liability account. I have to enter -$10 under tax to offset the $10 under the tax field. In this case, there will be an invoice for a zero dollars but it contains all the sales amount under the tax details and hitting the right GL. A feedback will be appreciated. Thanks.

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David Bader on at

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Re: Receivable transaction entry won't take negative number under the $sales$ field. Is there any way I can enter a negative number in that field? This is not a credit memo. The logic for this negative is to offset the tax piece of this transaction. We

Hi Billy,

Unfortunately there is not a way to enter a negative amount in the Sales field in the Receivables Transaction Entry window.

You would need to use a Credit Memo and enter the amount in the Tax field if you needed to reduce the amount for the Customer. This credit could then be applied to the Invoice.

This would be a great product suggestion and I encourage you to enter one on the Microsoft Connect site. The direct link to the site is below.

Microsoft Connect:

connect.microsoft.com/default.aspx

Have a great day!

Dave B.