FrontAccounting forum — Tax on free gift

Re: Tax on free gift

null@example.com (poncho1234) — Tue, 15 Aug 2017 01:52:33 +0000

It is quite clear in https://frontaccounting.com/punbb/viewtopic.php?id=922 but I am embarrassed to say that's the first time I've read it... but I don't think I'm the only one?

I often see your 'This info has been wiki-ed.' at the end of a post, so thought you or any one else who edits the wiki could add on '(To edit the wiki yourself, simply log-on using your forum sign-in name & password and go to the page you wish to edit and click the edit button in the bottom left corner)' as some extra publicity for wiki editing? I think the stickies need to stay.. something's just need to be repeated.

Edit: Just completed my education...all stickies read

Re: Tax on free gift

null@example.com (apmuthu) — Mon, 14 Aug 2017 17:40:27 +0000

There is a Sticky Announcement: https://frontaccounting.com/punbb/viewtopic.php?id=922 but not as explicit as your statement.

@joe: remove old stickies and put in one with @poncho1234's suggestion there.

Re: Tax on free gift

null@example.com (poncho1234) — Mon, 14 Aug 2017 16:38:40 +0000

Perhaps it needs to be advertised more?

Maybe..

"This info has been wiki-ed.
(To edit the wiki yourself, simply log-on using your forum sign-in name & password and go to the page you wish to edit and click the edit button in the bottom left corner)

Re: Tax on free gift

null@example.com (apmuthu) — Mon, 14 Aug 2017 07:12:57 +0000

That's how the wiki has been built - great to have another diligent wiki contributor!

Re: Tax on free gift

null@example.com (poncho1234) — Sun, 13 Aug 2017 18:27:39 +0000

apmuthu wrote:

Thanks @joe and @poncho1234. This info has been wiki-ed.

Added a bit too...didn't realise we were able to edit the wiki??..!!

Re: Tax on free gift

null@example.com (apmuthu) — Sun, 13 Aug 2017 10:11:26 +0000

Thanks @joe and @poncho1234. This info has been wiki-ed.

Re: Tax on free gift

null@example.com (poncho1234) — Sat, 12 Aug 2017 15:42:24 +0000

Thanks @Joe, that does it.

@apmuthu, for this case it would have to disregard taxes though.

Re: Tax on free gift

null@example.com (joe) — Sat, 12 Aug 2017 11:36:33 +0000

You can create a service item called Discount. Use each as uom. Create an item tax type with total tax exempt and put this on the item.
Then you can enter a Discount item with negative amount per item.
That's it.

Joe

Re: Tax on free gift

null@example.com (apmuthu) — Sat, 12 Aug 2017 09:19:48 +0000

Providing a credit note may do it as will a negative shipping charge (without tax) but will get mixed up with the real shipping charges.

@joe: Can we extend FA to accommodate an AdHoc discount at the end of each invoice as an amount value?

Re: Tax on free gift

null@example.com (poncho1234) — Fri, 11 Aug 2017 18:59:21 +0000

Ok, but how do you do 'adhoc discount after tax'?

In another post I read that negative prices can be made for service items; so I created a service item with same name as free gift, but excluding tax.

This gives more or less the desired result on the invoice and accounts.

But still interested to look at your 'adhoc discount after tax'.

Re: Tax on free gift

null@example.com (apmuthu) — Thu, 10 Aug 2017 17:20:31 +0000

Taxes are % of price and hence not directly possible.
Bill full value and apply adhoc discount after tax.

Tax on free gift

null@example.com (poncho1234) — Thu, 10 Aug 2017 15:05:48 +0000

Local tax laws require VAT to be charged on free gift - (either purchase price or normal sale price) and the invoice needs to reflect this.

Is this possible with frontaccounting? If so then how?

Example:-

Item (Normally a non-stock item) purchased for $10.00
VAT is 20%

The invoice will state:-

Item (free gift) $ 0.00

VAT @ 20% $ 2.00

Total $ 2.00

Any help appreciated