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Good Morning!!
Well I made it through my first month of Business Central! Still having some issues, but making progress. I would love some input on the best way/reports to use to figure out my sales tax due. We are in MIchigan, but deliver product in a few other states. i have the states set up for tax reporting, so that is not the issue. we offer many of our customers a discount if they pay in a certain number of days. in our old system, i would have to take the total sales for the month for each state/tax type, then figure out how much tax was on the discounts taken for each state/tax type, then subtract that off my sales tax due. does anyone have this type of situation, and if so, how do you deal with it in Business Central??
thanks!
Katie
I think most people do not deal with it.
There is a setting in the General Ledger Setup for Pmt. Disc. Excl. Tax. This will calculate the payment discount on amounts excluding sales tax. This might not be what you are wanting.
I did see that we have a feature for recalculating the tax amounts after a payment discount but it only works on VAT.
It seems that using an App for your sales tax calculations and reporting might be an option for you.
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