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Dynamics 365 Community / Forums / Microsoft Dynamics GP (Archived) / Credit tax on sale fro...
Microsoft Dynamics GP (Archived)

Credit tax on sale from previous month

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Posted on by Community Member Microsoft Employee

I need to credit Sales Tax on a November Receivables invoice.  I have closed the month so I cannot back date it.

If I go the Sales Transaction/Credit Memo and use the Sales Tax Expansion I would input the Tax code, the Sales Amount and the Tax auto fills (is adjustable).  Problem is this reduces the current months sales by this same dollar amount.  I have been doing a Debit Memo using Exempt as the tax code and inputing the same dollar amount and no tax. This in turn increases the Exempt Sales for the month.

How do I properly credit this Tax without effecting sales.

 

TY

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  • Community Member Profile Picture
    Community Member Microsoft Employee on at
    Re: Credit tax on sale from previous month

    Does crediting the sales tax thru the Sales Transaction module actually effect the Sales Totals themselves, if I enter the sales amount for the particular tax code, or is this just a Sales Tas thing?

  • Zhigang Lu Profile Picture
    Zhigang Lu 795 on at
    Re: Credit tax on sale from previous month

    I think it doesn't matter. Because the credit memo will be also shown in the Tax Code listing.

    You may need manually change Total Sales/Purchases amount and Taxable Sales/Purchases amount  in Tax Detail History Screen.

  • Community Member Profile Picture
    Community Member Microsoft Employee on at
    Re: Credit tax on sale from previous month

    This is ok if the sale is in the previous month as the reports are already generated and taxes paid, but what if it is in the same month.  Just putting thru a Tax Credit will not remove the invoice from the Tax Code listing,or does this not matter ?

  • Zhigang Lu Profile Picture
    Zhigang Lu 795 on at
    Re: Credit tax on sale from previous month

    When you issue Credit Memo, you can manually input tax amount without input sales amount.

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