Please help me as when i do a CST purchase, the Tax amount is not getting posted in CST Receivable Account but the Tax entry is do created.i am using Nav 2009,please help me on this as i am not able understand.
Inventory 100 Debit
Direct cost applied 100 Credit
Purchase 100 Debit
Vendor 100 Credit… These entries are wrong
Actual should be the following entries
Inventory 100 Dr
Direct Cost Applied 100 Cr
Purchase 90 Dr
CST Account 10 Dr
Vendor 100 CR.
Please help me!
you cant record tax as part of inventory and part of receivable.
Inventory must be net of tax.
I am doing CST purchase and that CST amount has to be loaded on inventory which is happening but CST amount is not getting posted in Tax account in navision
Your requirement was a standrad feature of NAV IN version before 4.0 SP3 (Some hotfix changed it). The accountants use to complaint the accounting entries. Now you are asking the reverse. Now this is standard feature and if you want to change you need to customize the coding (tax account posting) to pre 4.0 SP3 version.