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Dear All,
sales tax amount is not calculation correct on purchase invoice journal.
purchase amount = 100
sale tax is 10% of purchase amount
system calculate tax 9.09 as image attached
here distribution should be like below, but in my case there is a problem any hints
CR = payable amount should be = 110
DR = sales tax = 10
DR = expense account = 100
As mentioned by others , look likes you are calculating inclusive tax ...
for calculating exclusive disable price inclusive sales tax on journal name, vendor master or item master as per your scenario
Hi Afazal,
Like Ludwig mentioned, if you use vendor journal, check the journal setup (General journal > Journal setup > Journal names) and check the alternative for "Amounts include sales tax".
If it PO, you can either manage field "Prices include sales tax" on PO Header and Vendor card.
Hi,
Can you please check the journal setup?
There is a parameter that allows you specifying whether the amounts entered in the journal are net or gross.
Seems that this parameter is different from what you expect.
Note: When you create a new journal you can directly see this default parameter and change it if needed. For the long-term it might be better making the change in the journal name form in GL.
Best regards,
Ludwig
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André Arnaud de Cal...
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