It happens from time to time that a customer is charged tax when they shouldn't be, or not charged when they should be. At present, the only way to correct is to credit the entire order and reprocess. This does make order filing and traceability a bit messy. It would be nice to be able to credit or debit the tax only.
by: Joe C. | over a year ago | Financial Management
Comments
This is an absolute must - it effects the profit margin of items to credit the complete invoice and reinvoice for a "tax credit". It would be great if this was a hot topic fix.
Very good to have this functionality, users struggle to do and track the same
It can be done already, read the AR manual.
I stepped through the whole AR manual searching for "tax" and found nothing on this subject. Can you give a more specific reference?
This happens all of the time. I don't believe if you correct in AR it pushes down to the Tax Reports.
yes, we also expect to have this function to revert the tax amount.
Instructions on how to do a tax only credit in AR: http://bit.ly/ARTaxCredit
Instructions on how to do a tax only credit in AP: http://bit.ly/APTaxCredit
Instructions on how to do a tax only credit in OE: http://bit.ly/OETaxCredit