Value-added Tax For Purchases

[rds_4]

In my country we can claim input tax credits on our purchases which is 1/10 of the invoice price. When I enter this into P.O. or invoice I have to compute the expense and tax credit manually. Is there a way this could be automated? On sales invoices the there are tax codes, aren't there any on purchases?

[dringstrom]

The only way to automate this task is to create your PO transaction externally, such as in an Access database or Excel spreadsheet, then import it, use DDE, or PawCOM to insert the transaction.

Most users don't notice the missing sales tax code for purchases. It would be helpful to have, but keep in mind, Peachtree isn't meant to be an all-inclusive accounting package. You've bumped into one of its limitations. Fortunately, through some creativity, or consulting help, you can work around the limitations.