Whenever the sales tax rate changes, PO Invoices that were created by a vendor prior to the tax rate change are calculated at the new tax rate. The only way to work around this is to create another Purchase Item Tax Class & change each line item on a PO invoice to reflect the new Item Tax Class with the new rate. I don't care where you put the effective dates, but it would be nice to have effective dates for the tax calculation for purchasing.
by: Susan C. | over a year ago | Operations Management
Comments
Agreed
Been asking for this for ages and it falls on deaf ears.
You'll need to set the VAt rate and hen manually adjust any AP invoices (Tax Tab) for months as they drift in
I sincerely wish something should be done soon, am badly affected.
I sincerely wish something should be done soon, am currently facing similar challenges.