sean_gilbert
Well Known Member
Our federal tax rate is being reduced from 7% to 6%
We have set the tax rate area "GST" at 7% to expire on June 30, 2006 and setup a new "GST" tax rate area record at 6% with an effective date of July 1st 2006.
This works fine for sales orders but the problem is how to handle returns for products purchased prior to the rate change.
(ex. a customer purchased goods in June and we charged them 7% GST on the invoice now in July they return those goods and expect a full refund including the 7% tax not the new 6% tax)
The invoice print R42565 and sales update for my credit order uses the current effective tax rate which is 6%.
The only option I have identified is to create a new tax rate area GSTC - GST Credit. effective july 1st at 7%. Then for any credit orders that need to be credited at the old 7% tax rate users will manually override the credit order tax rate area.
Can anyone think of anything better than this manual solution?
Thanks Sean
We have set the tax rate area "GST" at 7% to expire on June 30, 2006 and setup a new "GST" tax rate area record at 6% with an effective date of July 1st 2006.
This works fine for sales orders but the problem is how to handle returns for products purchased prior to the rate change.
(ex. a customer purchased goods in June and we charged them 7% GST on the invoice now in July they return those goods and expect a full refund including the 7% tax not the new 6% tax)
The invoice print R42565 and sales update for my credit order uses the current effective tax rate which is 6%.
The only option I have identified is to create a new tax rate area GSTC - GST Credit. effective july 1st at 7%. Then for any credit orders that need to be credited at the old 7% tax rate users will manually override the credit order tax rate area.
Can anyone think of anything better than this manual solution?
Thanks Sean