The amount on which taxes are assessed. Screen-specific information If you enter the taxable amount in this field, the system calculates the tax and gross amount for you. 17.2.1 What You Should Know About EntryExplanation Sales/Use/VAT Tax file (F0018) When you enter transactions using the...
It is the total of the VAT, use, and sales taxes (PST). Screen-specific information Leave this field blank to have the system calculate the tax. Also, leave this field blank on the offsetting entry, where the Amount field includes the amount and the tax amount from the preceding lines...
In this journal entry, the transportation costs that the buyer pay is considered part of the cost of inventory. Likewise, the debit of the inventory in this journal entry consists of the purchased merchandise (including duties and taxes) plus transportation cost. This is because, under the perpe...
2. Accounting for sales tax paid on purchases When you purchase goods and pay sales tax on those goods, you must create a journal entry. In this case, the sales tax is an expense, not a liability. Generally, your total expense for the purchase includes both the price of the item(s...
Also, thank you for your help! It is very appreciated. Cheer Reply qbteachmt Level 15 January 07, 2019 10:54 AM This is Banking, not JE. If I pay someone, that is Banking, such as Check Expense entry details. If someone pays me, that is either...
An account number is a ten-character reference number used to identify a journal entry. It is set up in account maintenance. Account category An account category identifies a group of account numbers. For example, taxes payable is an account category. Within this category, several taxes payable...
For this transaction, we will record/increase the expense account by debiting it and decrease cash by crediting it. (Note: This is a simplified entry to present the payment of salaries. In actual practice, different payroll accounting methods are applied.)...
网络释义 1. 日记帐分录 索引《Or... ... Item method of assigning taxes( 指定税的分项方法)journal entries(日记帐分录) Journal Import( 日记帐 … www.onejava.com|基于44个网页 2. 分类帐 entry - 英汉词典 ... double entry 复式计帐journal entries分类帐single entry 单式记帐 ... ...
If the detail type of these taxes is Other Current Liabilities, you'll need to change it to Payroll Expense. Then, there's no need to write a check for these taxes. Once you update the accounts, the Journal Entry will also be updated. Payroll E...
To make a complete journal entry you need the following elements: A reference numberor also known as thejournal entry number, which is unique for every transaction. The date of the journal entry. The account column, where you put the names of the accounts that have changed. ...