tax
Dear All,
in Italy we have a tax called "bollo" applied against other company that have an italian headquarter and are not under VAT treatment.
In this case we need to specify this amount into our invoices, how can we show it in SIS? Is it possible to create a new line item with the same combination charge category/charge code used for the performance debited, but with the amount of the "bollo"?
Thank you for your cooperation. |
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Hi Edoardo, In this case you can provide it as a tax and name it ‘Bollo’. SIS is very flexible for tax reporting either at the header or line item level. So you can report the tax part of a transaction and we do not see the need to create a new line item for the tax except if there are specific rules to display it. Hope this helps. Rgds, Ashley
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Dear Ashley,
we are obliged to create a new line item, because "bollo" is like a stamp duty so it is not a percentage tax and into our accounting we have to impute this fixed amount (€1.81) to a specific general ledger account.
So in case of an invoice with more different line item, can we create a new line item using one of the charge code of the invoice created, specifing it concerns"bollo"?
Thank you again!
From: Posted: Friday, September 23, 2011 2:06 PM Subject: tax
Hi Edoardo,
In this case you can provide it as a tax and name it ‘Bollo’. SIS is very flexible for tax reporting either at the header or line item level. So you can report the tax part of a transaction and we do not see the need to create a new line item for the tax except if there are specific rules to display it.
Hope this helps.
Rgds,
Ashley |
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Hi Edoardo, In this case then yes – this is possible. Best regards From: Corsi Edoardo
Posted At: Tuesday, September 27, 2011 3:58 AM
Posted To: SIS Forums - Requirements & Functionality
Conversation: tax
Subject: tax we are obliged to create a new line item, because "bollo" is like a stamp duty so it is not a percentage tax and into our accounting we have to impute this fixed amount (€1.81) to a specific general ledger account. So in case of an invoice with more different line item, can we create a new line item using one of the charge code of the invoice created, specifing it concerns"bollo"?
From:
Posted: Friday, September 23, 2011 2:06 PM
Subject: tax Hi Edoardo, In this case you can provide it as a tax and name it ‘Bollo’. SIS is very flexible for tax reporting either at the header or line item level. So you can report the tax part of a transaction and we do not see the need to create a new line item for the tax except if there are specific rules to display it. Hope this helps. Rgds, Ashley
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Ashley,
to simplify the management of this particular case, is it possible to indicate the "bollo" in a new line item but using the general charge code "Misc"?
Thanks!
From:
Posted: Tuesday, September 27, 2011 10:16 AM
Subject: tax
Hi Edoardo,
In this case then yes – this is possible.
Best regards
From: Corsi Edoardo
Posted At: Tuesday, September 27, 2011 3:58 AM
Posted To: SIS Forums - Requirements & Functionality
Conversation: tax
Subject: tax
we are obliged to create a new line item, because "bollo" is like a stamp duty so it is not a percentage tax and into our accounting we have to impute this fixed amount (€1.81) to a specific general ledger account.
So in case of an invoice with more different line item, can we create a new line item using one of the charge code of the invoice created, specifing it concerns"bollo"?
From:
Posted: Friday, September 23, 2011 2:06 PM
Subject: tax
Hi Edoardo,
In this case you can provide it as a tax and name it ‘Bollo’. SIS is very flexible for tax reporting either at the header or line item level. So you can report the tax part of a transaction and we do not see the need to create a new line item for the tax except if there are specific rules to display it.
Hope this helps.
Rgds,
Ashley |
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Hi Edoardo, As this is a tax, ideally it should be billed at the header level. Do you see a problem with this approach? Regards, Ashley From: Corsi Edoardo
Posted At: Wednesday, October 12, 2011 7:05 AM
Posted To: SIS Forums - Requirements & Functionality
Conversation: tax
Subject: tax to simplify the management of this particular case, is it possible to indicate the "bollo" in a new line item but using the general charge code "Misc"? From:
Posted: Tuesday, September 27, 2011 10:16 AM
Subject: tax Hi Edoardo, In this case then yes – this is possible. Best regards From: Corsi Edoardo
Posted At: Tuesday, September 27, 2011 3:58 AM
Posted To: SIS Forums - Requirements & Functionality
Conversation: tax
Subject: tax we are obliged to create a new line item, because "bollo" is like a stamp duty so it is not a percentage tax and into our accounting we have to impute this fixed amount (€1.81) to a specific general ledger account. So in case of an invoice with more different line item, can we create a new line item using one of the charge code of the invoice created, specifing it concerns"bollo"?
From:
Posted: Friday, September 23, 2011 2:06 PM
Subject: tax Hi Edoardo, In this case you can provide it as a tax and name it ‘Bollo’. SIS is very flexible for tax reporting either at the header or line item level. So you can report the tax part of a transaction and we do not see the need to create a new line item for the tax except if there are specific rules to display it. Hope this helps. Rgds, Ashley
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