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Good day,
I recently had to update the entire system where there is a GCT of 16.5% to 15%. We have alot of Customers and Items created in GP environment and I would hate to think that I would have to first create the tax schedule for 15% and then update all items one by one with the new tax schedule.
I came across the Tax Schedule Maintenance window and was wondering if I map the 15% schedules to the 16.5% ones (like in the screenshot below) would that basically replace the tax that way without me having to go through all items and customers manually?
Hi there,
Taxes are calculated based off of the tax details, and in this particular case the Tax Schedule name assigned will not match the name of the details (Tax Schedule is 16.5% while details are 15%), however it should accomplish what you were intending, however it would definitely be something that you would want to test thoroughly, in a Test company that is created from a backup of your production database, before performing in production.
I have included the link to a blog post below which contains more information regarding how taxes are calculated in Sales in GP, in case you require further information:
support.microsoft.com/.../how-taxes-are-calculated-in-receivables-management-sales-order-process
I hope this is helpful.
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