Postings

When entering lines on a Document, the Maximum Tax Allowable for the applicable Tax Authority is applied on a line by line basis. However, when posting lines or refreshing the Document, the Maximum Tax Allowable is considered for the entire posting and the tax value on each line will be adjusted as required. This applies to both debit and credit entries.

Example #1

Maximum Tax Allowable (per posting) $50

10% tax

Before Posting

Line 1: Supply Value $1,000, Tax $50 (the maximum has been applied)

Line 2: Supply Value $300, Tax $30

Line 3: Supply Value $800, Tax $50 (the maximum has been applied)

After Posting

Line 1: Supply Value $1,000, Tax $50 (the maximum has been applied)

Line 2: Supply Value $300, Tax $0 (the maximum has already been applied)

Line 3: Supply Value $800, Tax $0 (the maximum has already been applied)

Example #2

Maximum Tax Allowable (per posting) $50

10% tax

Before Posting

Line 1: Supply Value $300, Tax $30

Line 2: Supply Value $800, Tax $50 (the maximum has been applied)

Line 3: Supply Value $1,000, Tax $50 (the maximum has been applied)

After Posting

Line 1: Supply Value $300, Tax $30

Line 2: Supply Value $800, Tax $20 (the posting maximum is $50)

Line 3: Supply Value $1,000, Tax $0 (the maximum has already been applied)