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Dynamics 365 Community / Forums / Finance | Project Operations, Human Resources, ... / sales tax amount calcu...
Finance | Project Operations, Human Resources, ...
Answered

sales tax amount calculation on purchase invoice

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Posted on by Afazal 135

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

pastedimage1636547083140v1.png

pastedimage1636547465437v2.png

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

I have the same question (0)
  • Verified answer
    Ludwig Reinhard Profile Picture
    Ludwig Reinhard Microsoft Employee on at

    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

  • Verified answer
    Alireza Eshaghzadeh Profile Picture
    Alireza Eshaghzadeh 14,679 Super User 2025 Season 2 on at

    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.

    pastedimage1636569330808v1.png

  • Verified answer
    saurabh bharti Profile Picture
    saurabh bharti 15,039 Moderator on at

    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

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