1 Topic by waverider (edited by waverider 07/21/2010 06:20:58 am)

  • From: Australia
  • Registered: 07/09/2009
  • Posts: 54

Topic: Quick Entries - order

Hello,
I had a problem with TAX application in Quick Entries and just wish to confirm that my findings are correct before I make an addition to the Wiki.

It is probably documented somewhere ( I couldn't see it in the Wiki) but it appears that in applying Quick Entry lines the order of entry is vital. This may well be obvious to someone with an accounting background but not to the likes me who are 'challenged' in this area. Now that I am aware of it, the logic is obvious of course.

If I place a Quick entry Tax line such as:
"Taxes added, reduce base     GST"
and then another line:
"Remainder     6930 Components "

everything works fine, but make the mistake of entering the Tax Line last:

"Remainder     6930 Components "
and then:
"Taxes added, reduce base     GST"

and the result is an increased base line rather than decreased.  I admit to making a rather stupid error, but perhaps it should be documented to ensure other similarly 'challenged' individuals don't make the same mistake - or at least indicate that the 'remainder' line must be last? 

Perhaps there are also other instances where order is important?

  • joe
  • Administrator
  • Offline
  • Registered: 03/15/2007
  • Posts: 5,085

Re: Quick Entries - order

You should always use the 'Remainder' as a last resort. If you have taxes involved, take them first.
Otherwise follow the instructions in the Wiki.
You are welcome to enlightent sentences in the Wiki if they are not understandable.

/Joe