{"id":10401,"date":"2015-03-24T05:59:45","date_gmt":"2015-03-24T05:59:45","guid":{"rendered":"http:\/\/www.greytrix.com\/blogs\/sageaccpacerp\/?p=10401"},"modified":"2015-03-24T05:59:45","modified_gmt":"2015-03-24T05:59:45","slug":"item-wise-tax-calculation-in-sage-300-for-sales-and-purchase-transaction","status":"publish","type":"post","link":"https:\/\/www.greytrix.com\/blogs\/sageaccpacerp\/2015\/03\/24\/item-wise-tax-calculation-in-sage-300-for-sales-and-purchase-transaction\/","title":{"rendered":"Item wise tax calculation in Sage 300 (for Sales and purchase Transaction)"},"content":{"rendered":"

Sage 300 ERP provides a number of features for the transaction of sales and purchase. In our last blog we had discussed about how to define the Tax Rates in Sage 300 ERP<\/a> \u00a0in the Tax module. In this blog we will discuss about how to calculate Item wise tax.
\nNew Stuff:<\/em><\/strong>\u00a0Sage 300 ERP \u2013 Fast Food Retail Chain<\/a>
\nSometimes there might be a situation where we need to calculate the different tax amount for same item but with different nature of business. So to calculate the Item wise tax, the user has to define multiple tax classes and tax rates for the defined tax authority.
\nLet\u2019s see an example of OE Order transaction, to elaborate different tax calculation for every item with same tax authority.
\n\u2981 Open OE order entry and click on new button.
\n\u2981 Go to customer tab and select appropriate tax group.
\n\u2981 Enter three items with quantity ordered and other information related to item in detail grid.
\n\u2981 Please refer below screen shot for transaction.
\n\"Item01\"<\/a>
\n\u2981 Now click on \u201cItem\/tax\u201d button.
\n\u2981 In order to calculate the tax as per tax rate of item you need to set the item\u2019s tax class of the item.
\n\u2981 Please refer below screen shots for every item\u2019s tax information
\n\"item02\"<\/a>
\nIn above screen, tax calculate for the item \u201cA1-103\/0\u201d based on 0% tax rate because tax class is 1.
\n\"item03\"<\/a>
\nIn above screen, tax calculate for the item \u201cA1-105\/0\u201d based on 8% tax rate because tax class is 2.
\n\"item04\"<\/a>
\nIn above screen, tax calculate for the item \u201cA1-310\/0\u201d based on 10% tax rate because tax class is 3.
\n\u2981Please refer the below screen for header tax base and tax amount.
\n\"item05\"<\/a>
\nIn this way, the user can calculate taxes on separate tax rate specified for each item.
\nNote. User cannot define more than 10 tax classes, so it will restricted to this level in transaction to calculate taxes separately for the item.
\nThis feature of sage 300 ERP reduces your time as well as stress. Also you don\u2019t need to do separate transaction for different tax rates.
\nRead Also:<\/strong><\/em>
\n1.Taxes in Sage 300 ERP<\/a>
\n2.Tax Setting \u2013 Allow Tax In Price<\/a>
\n3.Tax Calculation on the basis of Quantity in Sage 300 ERP<\/a>
\n4.Setting up Price Inclusive of Taxes in Sage 300 ERP<\/a>
\n5.Tax Classes in Sage 300 ERP<\/a>
\n 
\n <\/p>\n","protected":false},"excerpt":{"rendered":"

Sage 300 ERP provides a number of features for the transaction of sales and purchase. In our last blog we had discussed about how to define the Tax Rates in Sage 300 ERP \u00a0in the Tax module. In this blog we will discuss about how to calculate Item wise tax. New Stuff:\u00a0Sage 300 ERP \u2013\u2026 Read More »<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[775,1419,2357,2802,2811,2819],"class_list":["post-10401","post","type-post","status-publish","format-standard","hentry","category-sage-accpac","tag-detail-taxes","tag-item-tax-class","tag-sage-300-erp","tag-tax","tag-tax-classes","tag-tax-rates"],"yoast_head":"\nItem wise tax calculation in Sage 300 (for Sales and purchase Transaction) - Sage 300 ERP \u2013 Tips, Tricks and Components<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.greytrix.com\/blogs\/sageaccpacerp\/2015\/03\/24\/item-wise-tax-calculation-in-sage-300-for-sales-and-purchase-transaction\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Item wise tax calculation in Sage 300 (for Sales and purchase Transaction) - Sage 300 ERP \u2013 Tips, Tricks and Components\" \/>\n<meta property=\"og:description\" content=\"Sage 300 ERP provides a number of features for the transaction of sales and purchase. In our last blog we had discussed about how to define the Tax Rates in Sage 300 ERP \u00a0in the Tax module. In this blog we will discuss about how to calculate Item wise tax. 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