Discussions

Check out Oracle NetSuite upcoming events and conferences here
Now is the time to ask your NetSuite-savvy friends and colleagues to join the NetSuite Support Community! Refer now! Click here to watch and learn more!
Update your Profile with your Support type to get your Support Type badge.
Expand your NetSuite knowledge by joining our Ask A Guru Live sessions. RSVP on this event now.
Community Poll: What sort of content would you like to see more of?

How does the logic of how the total sales amount (including tax), i.e. work in a Sales Order?

edited Apr 19, 2023 10:54PM in Ask A Guru 3 comments

Could you please explain to me the logic of how the total sales amount (including tax), i.e. the foreigntotal value of SalesOrder is calculated?

My understanding is as follows


(Item A unit price excluding tax * quantity purchased) * (1 + consumption tax rate)

(Item B unit price excluding tax * quantity purchased) * (1 + consumption tax rate)

(Product C unit price excluding tax * quantity purchased) * (1 + consumption tax rate)

Coupon discount amount (excluding tax) * (1 + consumption tax rate) * value is -.

Point discount amount (excluding tax) * (1 + consumption tax rate) * value will be -.

Shipping cost (excl. tax) * (1 + consumption tax rate)

============================================

= total amount (foreintotal)


I am thinking that the system is to calculate the amount including tax for each item line and add them together to use as the total accounting amount, is this correct?

Howdy, Stranger!

Log In

To view full details, sign in.

Register

Don't have an account? Click here to get started!

Leaderboard

Community Whiz

Quarter 1 (Jan-Mar 2024)

This Week's Leaders

This Month's Leaders

All Time Leaders