No need to split sepate line item for the tax

[Former Member]

HI All,

While i am creating the customer invoice the entry should be

Customer A/c Dr. 1100

To revenue a/c 1000

To Tax payable a/c 100.  this is fine.

My requirement is

Customer A/c Dr. 1100

To revenue a/c 1100

But the tax should be include in this line item, but not show in separate line item.

Customer A/c Dr. 1100

To Revenue A/c 1000+100

Thanks

Raviteja

[Former Member]

Hello Raviteja,

its a simple config, change the posting indicator setting to 3(Distribute to relevant expense/revenue items) for tax processing seetings in OBCN

-Deepak

[Lakshmipathi]

Before trying this, take the concurrence from your FI people.

System will not post as a tax value in FI, if you set the Condition Class as other than D for your tax condition type.  Test this and update here.

G. Lakshmipathi

[jignesh_mehta3]

Hello Ravi,

The GL Account for Revenue & Tax would definitely be different.

Thus it would not be possible to have single Accounting Entry for Revenue & Tax.

Can you also let us know the business requirement for this?

Thanks,

Jignesh Mehta