Receivables & Collections

Get Involved. Join the Conversation.

Topic

    Sirisha
    Tax is distributed on 2 lines for different accounts
    Topic posted September 20, 2019 by SirishaRed Ribbon: 250+ Points, tagged Financials, Receivables 
    42 Views, 1 Comment
    Title:
    Tax is distributed on 2 lines for different accounts
    Summary:
    Tax is distributed on 2 lines with different account. How do we restrict the tax to apply on 1 line
    Content:

    The invoice total amount is 77$ and the tax distributed on 2 lines with different accounts.

    Revenue line 1 has 2.75$ tax amt

    Line2 has 75.50$ 

    How do we get the tax applied only for 2.75$

     

     

    Tax is distributed on 2 lines with a different account. How do we restrict the tax to apply on 1 line

     

    Image:

    Comment

     

    • Julien Dubouis

      Hi Sirisha,
      I assume you are using the tax engine features. You have to use a determining factor on your 75.5$ line so that the tax is not applicable or is applicable with a 0% rate (I prefer this option in case of declaration of the taxable basis as it creates a line in the TRL).
      For instance, create a line with a tax classification code : NOTAX and then use this tax classification code in a determining factor set (Manage Tax Determining Factor) and this value in a condition (Manage Tax Condition Sets) so that this condition can be used in an applicability rule (Manage Tax Rules).

      Hope this helps,
      J