Taxes and Accounting posting
I Have a Scenario for Tax Calculations and Revenue Accounts Posting.... Pls through some Suggetions on this.....
I am Using Milestone billing plan in Sales Order.. I will have the different percentages on value. like 5% as Advance, 10% on completion on Drewing work, 70% on completion of some work and 15% as retention amount.
While Invoicing on 5% as advance taxes should not calculate,
While Invoicing on 10% also taxes shuld not calculate ,
But while invoicing on 70% taxes should calculate on 100% of the value and 90% of 85% of the total order value shuld go to Revenue accounts.(15% already booked in above invoices, and they wont booked as retention).
Pls suggest how can we configure the Pricing for the above scenario...
Thanks in advance