Tax component in down payment request

[Former Member]

Hi Gurus,

Following is my doubt.

I have a sale order.

Material A price is 1000.

Tax is 10% - which is 100.

Total amount is 1100.

The Billing Plan is Milestone type.

I create 4 down payment requests - each 25%.

But in the down payment request, the amount due is shown as 250 and not 275

The total tax amount 100 does not appear in the down payment request.

My requirement is - each of the down payment request should have 2 components - one for the price 250 and another for the tax component 25.

What are the necessary settings ??

Regards

Vaidee

[Former Member]

thanks for the reply.

Vaidee

[Former Member]

Technially speaking, it sounds like you wan to bill the 1100 (1000 + 100 in tax) in four installments. These are really not down payments.

Down payment requests are generally special items on the customer account. Check to see how the item appears on the customer account if you want to be sure.

These are tax relevant. A down payment is just a request for a deposit to secure the customer's business before work begins and real billing/revenue recognition can occur.

I would switch to regualr billing plan lines - and bill normally. You should see the taxes properly.