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Hi, Reason code may not be the right option in my opinion, as it would be cumbersome to do it every time a customer makes a payment less VAT. Ideal would be to route it through condition type as you know the deduction on account of VAT in advance. Thanks Srividya
| | | ---------------Original Message--------------- From: Nickdobson Sent: Wednesday, June 15, 2011 12:29 PM Subject: AR payment of customer invoices less VAT and Discount We invoice a customer for £100,000 + tax £19600. = 119600 We get paid by a finance company £117883.50 This is £119600 Less a Trade Discount of 1.2 % £1435.20 and VAT 19.6 % £281.30 There may be 50 + customers being paid with a single payment from the Finance Company. I want to be able to clear the invoices and post the discount and VAT automatically when we get paid. I can use a Worklist to bring up all the customer open items I can use Payment terms to bring up Cash Discount (Its really Trade discount, but I think Cash discount will be OK) How can I post the VAT? Maybe with a Reason Code? Anyone got any bright ideas out there? Thanks Nick | | __.____._ Copyright © 2011 Toolbox.com and message author. Toolbox.com 4343 N. Scottsdale Road Suite 280, Scottsdale, AZ 85251 | | _.____.__ |