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Sales Tax Adjustment on Customer Invoice?

 

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Subject Author Date
Sales Tax Adjustment on Customer Invoice? Joanne 08-25-2006
Posted by Joanne on August 25, 2006, 10:55 am
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When recording "after the fact" customer invoices, what is your solution for
adjusting miscalculated sales tax from the original invoice?

I've been using a special account for the adjustment plus or minus because I
can't figure out an easy way to change the calculated amount. Often, it's
only a few pennies. What I don't like about this method is that it results
in an additional GL account for the adjustment.

I know I can record it correctly and discount when paid, but often the
issued invoice balance is the only way I can match the payment to an invoice
because there are no better clues on the deposit slip.

--
Sincerely,
Joanne

If it's right for you, then it's right, . . . . . for you!!!

http://www.jobird.com



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