My client is trying to reverse some initial problems with getting their sales taxes set up correctly, i.e., they need a sales tax only credit memo. I'm pretty sure that NAV doesn't support this (V 5.01SP), but I'm wondering if there might be some work arounds. We don't want to issue the CM's to a G/L account because of course they won't update the juristictions. Any suggestions are greatly appreciated.
Many thanks. #-o
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I have a generic Item, that I don't inventory, but use when I need to bill a Non-stock item out, without creating a new item card.
I enter this item on the credit memo, with the sell amount equal to what ever was originaly entered, and on the line the standard tax code that you are crediting, then I enter a second line, same info, except the qty is -1, and the tax code is resale code, which carries a zero tax rate, or you can just make the line not tax liable.
so the net is a credit of just for the tax,
so line one credits the sale price and the tax,
line two reverses the sales price but not the tax,
net is tax only credited.