dynamiczip:features:purchase_tax_accrual
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dynamiczip:features:purchase_tax_accrual [2015/04/08 20:58] – external edit 127.0.0.1 | dynamiczip:features:purchase_tax_accrual [2017/09/12 20:17] (current) – conni | ||
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===== Overview ===== | ===== Overview ===== | ||
- | This feature enables you to accrue tax on purchases whether or not the vendor is billing you for that tax. Purchase | + | This feature enables you to accrue tax on purchases whether or not the vendor is billing you for that tax. Use tax transaction history is created for reporting purposes along with the general ledger tax accrual distributions that this feature adds automatically |
+ | |||
+ | See [[dynamiczip: | ||
- | Please see [[dynamiczip: | ||
===== Tax Accrual Reporting ===== | ===== Tax Accrual Reporting ===== | ||
- | Please see [[dynamiczip: | + | See [[dynamiczip: |
At the time the purchasing transaction is entered, DynamicZip adds document tax detail records to the [[dynamiczip: | At the time the purchasing transaction is entered, DynamicZip adds document tax detail records to the [[dynamiczip: | ||
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These accrued tax details will appear in the [[dynamiczip: | These accrued tax details will appear in the [[dynamiczip: | ||
- | At the time the purchasing transaction is entered, DynamicZip adds document tax detail records to the [[dynamiczip: | + | At the time the purchasing transaction is entered, DynamicZip adds document tax detail records to the [[dynamiczip: |
These accrued tax details will appear in the [[dynamiczip: | These accrued tax details will appear in the [[dynamiczip: | ||
+ | |||
===== Tax Accrual Posting Accounts ===== | ===== Tax Accrual Posting Accounts ===== | ||
+ | |||
==== Debit ==== | ==== Debit ==== | ||
Please see the [[dynamiczip: | Please see the [[dynamiczip: | ||
+ | |||
==== Credit ==== | ==== Credit ==== | ||
The taxes owed will be accrued to the posting account assigned to the purchases tax detail(s), if one has been assigned. If not, then the account will be the Tax account specified in Posting Account Setup for Purchasing. | The taxes owed will be accrued to the posting account assigned to the purchases tax detail(s), if one has been assigned. If not, then the account will be the Tax account specified in Posting Account Setup for Purchasing. | ||
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- | [[dynamiczip: | + | [[dynamiczip: |
[[dynamiczip: | [[dynamiczip: | ||
dynamiczip/features/purchase_tax_accrual.txt · Last modified: 2017/09/12 20:17 by conni