If you select the Percentage of gross amount method, the sales tax is calculated as a percentage of the gross sales amount. The invoice line shows a quantity of 10 items at 1.00 each, and the customer is allowed a 10% line discount. The sales tax is calculated as a percentage of the purchase or sales amount, excluding any other sales taxes. The Percentage of net amount calculation method is the default value in the Origin field. This article explains the options in the Origin field on the sales tax codes page and how sales tax is calculated based on the selected option for a sales tax code.įor each sales tax code that you create in the Sales tax codes page, you must select the method of calculation to apply to the tax base amount in the Origin field.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |