1 Reply Latest reply on Jun 4, 2015 8:06 AM by 2769779

    Does system always add tax amount to cost price when receiving?

    2769779

      Hello everyone

       

       

      I have an issue that a receive will never take the purchase price, but the costpirce.

      But the system adds the Tax amount of 7% to the costprice.

       

       

      If you see in my example below

       

      PO

      Unit PriceQTYPO AmountTax (7%)Approval Amount
      100202,0001402,140

       

       

       

      Receipt

      Received QTYAmount
      202,140

       

       

      PO Amount is 2,000 but the received amount is 2,140. I expect that received amount should be the same as PO amount. Am I wrong or not? Is this normal?

       

      Could you please advise?

       

      Kind regards

        • 1. Re: Does system always add tax amount to cost price when receiving?
          2769779

          Hello

           

          I understand that we receiving PO along with taxes and we cannot say to supplier that we will not pay tax.

          But I don't understand when I check the amount at distributions on Material Transaction

           

          Here is the sample data of Distributions on my Material Transaction screen:

           

           

          PO Amount: 263,144.00

          Tax: 44,734.48

          Total: 307,878.48

          ------------------------------------

          Distributions at Material Transaction

           

          Finished Goods: 263,144.00

          Purchase Price Variance: 42,445.94

          FG Inventory Material Overheads: 3,157.72

          Raw Material Variance: 2,288.54

           

          Raw Materials in Receiving and Inspection: -307,878.48

          Landing Cost Overhead (Freight/Duties): -3,157.72

           

          Finished Goods is 263,144.00 which is equal to PO Amount which I think it is correct.

          But Raw Materials in Receiving and Inspection is 307,878.48 which is PO Amount + Tax Amount which I am not sure if it is correct  or not.

           

          Could you please explain why the Raw Materials in Receiving and Inspection = PO Amount + Tax Amount? Is it wrong or it should be like this?

           

          Kind regards