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item purchase with tax exempt
hi expert,
I have client's case regarding Exempt VAT purchase especially for Inventory/stock purchase. Kindly the scenario:
- Create PO for stock Item: QTY = 1 unit price $ 500, tax 10% = $50
- Create item receipt, Journal : inventory - debit $500 againts Accrued purchase $500
- receive Vendor bill
What i'm want is, for Tax amount $50 should be hit to inventory account & add to Cost of item, how to do that in netsuite ?
thanks
agus
0