Hi,
I have a typical scenario. We purchase Rawmaterials from Unregistered Dealers ( Farmers) and raise an invoice for them. According to the tax rules we have to bear the tax and remit to the government. For. e.g.
Materials cost 1000.00
Tax 40.00
total Cost is 1040/-
But i will not pay 1040 to the supplier instead I pay only 1000/- and end of the month i remit Rs 40/- seperately to govt. How do i do this in Nav. When i use the tax setup it post 1040/- to the Supplier's a/c which is wrong. But at the same time I want show the tax liability in my account books. I tried using Item charges. But that also it updates the supplier's a/c.
Can anybody guide me in how to handle this in NAV 5.0
Thanks in anticipation.
PpP
0
Comments
AP Commerce, Inc. = where I work
Getting Started with Dynamics NAV 2013 Application Development = my book
Implementing Microsoft Dynamics NAV - 3rd Edition = my 2nd book
Could u explain where is that field In sales tax ?
Just throw some path on this ?
One more thing is if is not change the vendor invoice , then how accounts will get debit & credit same .
Please let me know.
AP Commerce, Inc. = where I work
Getting Started with Dynamics NAV 2013 Application Development = my book
Implementing Microsoft Dynamics NAV - 3rd Edition = my 2nd book
Have you tried posting a Use Tax entry then Navigate on it?
What it does is:
Credit A/P - $20
Credit Use Tax - $2
Debit Expense - $22
Try it out and see for yourself.
AP Commerce, Inc. = where I work
Getting Started with Dynamics NAV 2013 Application Development = my book
Implementing Microsoft Dynamics NAV - 3rd Edition = my 2nd book
Create the Invoice, Select the structure, select the vendor (as suggested above) and post. You will have 2 vendor ledger entries a) Farmer b) Govt. agency.
At the month end pay the govt agency and apply the bills.
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