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TAX Configuration

  • 1.  TAX Configuration

    Posted 14 days ago

    Hello,

     

    We have the following situation to calculate the taxes.

    The tax needs to calculate on Sales invoices using GL account and not Item numbers setup.


    We need to calculate tax something like.

    208 (sale Price)  - TAX 1 (Table Tax) – 5% = 10.40

    208+10.40 (TAX 1) TAX  2 (Non Taxable) – 9.5% = 20.748

    I need help to configure this in D365 BC.

     

    Thanks,

    Vilas Wibhandik

     

     

     

     



    ------------------------------
    Vilas Wibhandik
    Visque Inc.
    Anjou QC
    ------------------------------


  • 2.  RE: TAX Configuration

    NAVUG ALL STAR
    Posted 13 days ago
    Vilas,

    I see your first calculation is calculating 5% Tax (I am guessing Canadian Sales Tax, not sure if PST, HST, QST, GST). I see in the second calculation you are adding the Tax to the Sales Price and then calculating another Non-taxable Tax portion. Not really following what you are trying to do here but out-of-the-box BC can setup Canadian Sales Tax. As for you calculation if you can explain more I can try to reply again.

    Thanks,
    Steve

    ------------------------------
    Steven Chinsky
    Manager
    Wipfli
    Mansfield MA
    NAVUG/BC Programming Committee Member
    NAVUG All-Star, Granite Award Recipient, MCP, DCMP
    ------------------------------



  • 3.  RE: TAX Configuration

    Posted 7 days ago
    Hello Steve,

    Thanks for your response!

    My understanding was wrong. We able to fix this issue after correcting tax percentage.


    Thanks,
    Vilas Wibhandik

    ------------------------------
    Vilas Wibhandik
    Visque Inc.
    Anjou QC
    ------------------------------



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