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From Jacques Le Roux <jacques.le.r...@les7arts.com>
Subject Re: VAT/GST POS returns
Date Tue, 10 Oct 2006 17:39:38 GMT
Thanks for that point Iain !

Jacques

> Something I learned tonight...
> 
> In order to correctly calculate and account for tax (GST/VAT) when 
> processing a return via the POS application, you need to make sure the 
> min_item_price and min_purchase be null. If you set these to 0.00, the 
> tax processing logic will happily skip calculation for a return since 
> the values are negative, and your tax GL account won't get credited 
> appropriately. Furthermore, the POS application won't report any tax 
> component and the customer will not get reimbursed for the tax he paid 
> when he bought the product.
> 
> Not sure of this is relevant outside GST/VAT environments
> 
> Cheers, Iain
> 
> 
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