Expense/Capitalize Field, Tax Detail Table
Select to expense or capitalize unrecoverable taxes that have been paid on purchases. If selected, the tax amount will be expensed or capitalized to the purchase debit account based on the value in the Type field on the purchase order lines. The debit will impact the purchase account (inventory), asset acquisition account (fixed asset), or other expense accounts (general ledger). The amount payable to the vendor will include the additional liability for the sales tax being charged. Therefore, when the vendor is paid for the accounts payable balance, the amount will include the amount of the goods in addition to the amount of the tax on those goods.
Tip
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Parent Tables
| Table | Location |
|---|---|
| Tax Detail Table | General Ledger |
| Tax Detail Table | General Ledger |