Joe
]]>I have come across 2 issues on Tax Inquiry and 1 issue on Tax Report:
1. Input Taxes are treated as Output Taxes:
Purchases/Supplier Invoice
Line:
Shipping Expenses $90
GST / TPS 5% Paid $4.50
QST / TVQ 9.975% Paid $8.98
Banking and General Ledger/Inquiries and Reports/Tax Inquiry
GST / TPS 5% Charged on sales (Output Tax): 4.50 90.00
GST / TPS 5% Paid on purchases (Input Tax): 0.00 0.00
QST / TVQ 9.975% Charged on sales (Output Tax): 8.98 90.03
QST / TVQ 9.975% Paid on purchases (Input Tax): 0.00 0.00
Expected outcome:
GST / TPS 5% Charged on sales (Output Tax): 0.00 0.00
GST / TPS 5% Paid on purchases (Input Tax): -4.50 -90.00
QST / TVQ 9.975% Charged on sales (Output Tax): 0.00 0.00
QST / TVQ 9.975% Paid on purchases (Input Tax): -8.98 -90.00
2. Tax base amounts ae being calculated instead of reflecting the actual invoice amount. Tax base in the above example is $90 but the tax base for 9.975 was calculated as 8.98/0.09975 resulting in 90.03. The same result on Tax reports. This creates a discrepancy in our tax filings where we need to report the tax bases as well.
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