You’re offline. This is a read only version of the page.
5,701
Where am I going wrong?
Raise a payment for 132.06 against a creditor invoice of 134.76 (as taking settlement discount).
Using apply window apply to the invoice find the invoice and apply the 132.06.
Using the Terms Taken "hyperlink", set the tax on the settlement to 20%, resulting in .45 tax from the 2.70 discount.
Post the payment
However
The the creditor account balance has the .45 tax shown as being still left behind on the creditor balance for the account.
The Payables Detailed Historical Aged Trial Balance show:
INV 132.51
PMT -132.06
Balance 0.45
I'm thinking that INV value on the trial balance should be 132.06 not 132.06?
Perhaps I'm doing something wrong as I would have expected the account to be cleared down to zero and have our VAT(tax) accounted for on the settlement discount?
*This post is locked for comments
Stay up to date on forum activity by subscribing. You can also customize your in-app and email Notification settings across all subscriptions.
#1
André Arnaud de Cal...
291,113
Super User 2024 Season 2
#2
Martin Dráb
229,918
Most Valuable Professional
#3
nmaenpaa
101,156
Share
Report
All responses (
Answers (