Hello Santosh,
If any financial operation is performed then the corresponding entry
is done in background by system. If for sale tax it is not happening
then you need to see why is it not?
AcctgTransServices.xml can help you.
Thanks and Regards
Sumit Pandit
On Feb 20, 2009, at 3:39 PM, Santosh Malviya wrote:
Hello Sumit,
You are right, debit entry of sales tax is missing so how can I
create this sales tax's entry into DB.
Thanks and Regards
Santosh Malviya
Sumit Pandit wrote:
Hello Santosh,
Here as per information provided you you, it looking like that 1
entry is missing in entity. It is a debit entry for sale tax for $10.
Also entry for #2 is correct, here we can understand it in very
simple accounting concept. that amount $288 is credited in books
against price of 10 items($270) + shipping changes($5) + other
adjustments($3) + sale tax(%10).
In very simple term ACCOUNT PAYABLE is refer to all parties to whom
a business entity is require to pay against of product or service.
So total amount is credited in system against of all debit entries
to balance the book in double entry system.
Thanks And Regards
Sumit Pandit
----- "Santosh Malviya" <santosh.malv...@hotwaxmedia.com> wrote:
| Hello David,
| I have done following :
| (1)At first I created a purchase order, approved the order,
generated
| a | shipment, issued items, received items. Then in Accounting I
edited | purchase invoice by adding new items like adding invoice
sales tax and
| | invoice shipping and handling. Here I added invoice sales
tax(of unit
| | price $10) and two invoice shipping and handling(one with the Gl
| Account | Id and other without ) with override Gl Account Id =
516100 PURCHASE | ORDER ADJUSTMENTS and unit price of both and then
I set "status to | ready". This generated 4 transaction entries
which are follows : | | Credit; in account 210000 -
"ACCOUNTS PAYABLE"; amount: 288$
| | (After adding all taxes and shipping charges) |
Debit; in account 214000 - "UNINVOICED ITEM RECEIPTS";
| amount: | 270$ (Actual price of 10 items of WG-1111)
| Debit; in account 510000 - "FREIGHT IN"; amount: 5$
(Shipping
| | invoice without Gl account Id)
| Debit; in account 516100 - "PURCHASE ORDER ADJUSTMENTS";
| amount: 3$ (Shipping invoice with Gl account Id)
| | (2) I was expecting here transaction entry of invoice sales tax
while
| | its tax was added into total price(ACCOUNTS PAYABLE, amount
288$).
| (3) Only four entries were there as a result of this invoice.
| | Thanks and Regards
| Santosh Malviya
| | David E Jones wrote:
| >
| > Santosh,
| >
| > I don't understand this question, and I'm not sure if others do
| > either. For example, what do you mean by "when I add Invoice
sales | > tax"? Where and how do you add it? Could you please
rewrite this | > question in terms of:
| >
| > 1. what you did
| > 2. what you expected to happen
| > 3. what actually happened
| >
| > -David
| >
| >
| > On Feb 19, 2009, at 3:07 AM, Santosh Malviya wrote:
| >
| >> Sorry for inconvenience, my question should have been when I
add | >> Invoice sales tax of unit price say $10 then I am unable
to see its
| | >> transaction entry while invoice shipping and handling
entries are | >> there. Where this entry is done. Am I missing
something?.
| >> Thanks in advance.
| >>
| >> Thanks & Regards
| >> Santosh Malviya
| >>
| >>
| >> Santosh Malviya wrote:
| >>> Hello all,
| >>> I have done it in my purchase invoice but not able to see it
in my
| | >>> overall price while my invoice shipping and handling price
added | >>> successfully.
| >>> Thanks in advance.
| >>>
| >>> Thanks & Regards
| >>> Santosh Malviya
| >>>
| >>
| >
| >
