sales Invoice through General journal

lally
lally Member Posts: 323
edited 2008-11-24 in NAV/Navision Classic Client
Hi Guru's,


I created a sales invoice that has

Invoice amount = 100
Excise = 14
CST = 2
Fright = 5
Insurance = 5
Packing charges = 7
Transport = 5 ( this has to create thrid party invoice)

if i popst this all accounts will effect and thrid party invoice will create . and
R. G record s will update.


but what my query Is it possible to create sales Invoice through General journal.

if i post through the general Journal That should be caluclate Excise dsuty, Sales tax, Fright charges.

for live purpose i have enter the Customer invoices only .

So please suggest me what is the way to calucalte all these.
lally

Comments

  • ssingla
    ssingla Member Posts: 2,973
    Normally customer Invoices included for balance purpose only (sundry debtor trial balance). Excise and VAT cannot be calculated from Gen. Jnl Line. If you need then you need to follow the original posting routine.
    CA Sandeep Singla
    http://ssdynamics.co.in
  • lally
    lally Member Posts: 323
    Thanks Mr. SSingla sir,


    Then what is the best way to update the excise registers RG23 A Part II , sales Tax ….,
    When you are taking the opening entries u need to update these values in to their corresponding registers.

    So please suggest me.
    lally
  • ssingla
    ssingla Member Posts: 2,973
    RG 23A Part II registers are updated using Gen. Jnl Line seprately. You need to select the Excise Entry boolean, RG record Type and BED,ECESS,SHE-Cess amount and both debit and credit account as Cenvat Credit Recoverable Account. It will create RG opening balance and G/L account impact will be zero (debit & credit in same account).
    CA Sandeep Singla
    http://ssdynamics.co.in

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