Misc. Payments - Tax included in the amount entered.

[daml]

I'm entering Misc. Payments (Manual Cheques & Credit Card Slips). The amount I'm entering includes our Canadian GST & PST (Goods & Services Tax / Provincial Sales Tax)

Is there a way I can use Tax Services, to calculate the GST & PST portions & distibute to their respective G/L Accounts?

Note: I have no problem at all with Invoice Entry. Tax Services works great. I'm entering an Invoice Amount & Tax Services calculates the additional GST/PST. It allows me to verify the Vendor's tax on their invoice & distribute to their respective G/L accounts automatically.
I can't seem to get to work extracting GST & PST from an Misc. Payment amount I enter.

Please advise.

 

[ettienne]

Version?
AP 5.4 seems to work fine.

 

[daml]

Hi Ettienne:

Yes, I'm using Version 5.4 (ERP100)

As mentioned, I have Tax Services configured so that taxes are calculating correctly during Invoice Entry. Extracting taxes included in a Misc. Payment total is my problem.

Is the solution in Tax Authories and would these Misc. Payments be considered Retainage Documents?

 

[ettienne]

No that's not what retainage is.
On the payment entry screen you see the Document Taxes button, click this before you enter any amounts and select your tax group (if not already selected) and change the Tax Included column to Yes.

 

[daml]

Hi Ettienne:

I got it. In the Vendor record for the GST Tax Authority, I had Tax Included as "no". As soon as I changed to "yes", everything works great.
Thank you