FrontAccounting forum — Incorrect TAX Inquiry Report

Re: Incorrect TAX Inquiry Report

null@example.com (carmelr) — Sat, 11 Aug 2012 09:20:21 +0000

The problem has been solved
In 'Item Tax Type' there is a dropdown for 'Is Fully Tax-exempt'.
When this is set to 'YES' the tax is not reported in the TAX Report.

Since I was working on 0% VAT Exempt, I thought that that setting should be YES.

Carmelo

Re: Incorrect TAX Inquiry Report

null@example.com (carmelr) — Fri, 03 Aug 2012 11:55:26 +0000

Thanks Joe for the reply.
I am using "Direrct Invoice" with Items and Services marked as 0% VAT. Still no joy with TAX Enquiries Report that does not report the 0% Exempt Sales and Purchases.

We are not using GL entries directly to the Bank.

Carmelo

Re: Incorrect TAX Inquiry Report

null@example.com (joe) — Fri, 03 Aug 2012 07:36:33 +0000

The problem is for GL entries done directly in the Bank and General Ledger. The taxes are calculated backwards and this is not possible for 0% rates. Please try to use the bank payments / deposits and please use quick entries for your most common transactions.

/Joe

Incorrect TAX Inquiry Report

null@example.com (carmelr) — Thu, 02 Aug 2012 21:11:53 +0000

TAX Inquiry shows proper amounts for all TAX percentages except for the 0% (Exempt) TAX.