When Use Tax is applied in the United States in Canada for pre-payment invoicing the system 'grosses-up' the total prepayment invoice to include the sales tax amount. This rounds up invoice totals occasionally and results in invoices not being processed in full (typically $.01 short).
This has major implications for client and should be considered a bug in BC.
Comments
After applying Use Tax on a line, the total invoice amount does not change (that's good), but yes, it actually reduces the invoice amount that gets posted to the Vendor Ledger.So without noticing, invoices are posted $.01 short & payments are made to vendors for $.01 less. Not good.Rounding variances should adjust the accrual from the use tax, not adjust the accounts payable amount..
Category: Geographies and Localization
Business Central Team (administrator) on 7/11/2024 9:02:49 AM