Discounts & Vendor Withholding

Problem

Discounts and vendor withholding not working out the way user expects, while using Goldenseal job cost accounting software.

Diagnosis

Using Vendor Withholding on expense transactions (e.g. Material Purchase) to handle out of state sales tax, or some other item. The transaction also includes an early payment discount. Goldenseal accounting software calculates the discount from the net amount (gross plus sales tax, minus vendor withhold). They want it to be on the gross amount.

Solution

It seems more logical the way we do it, but we can add an option of how to do it at some point (I guess it depends on how the vendors treat it, and/or state law for sales tax in different states).

Not many users even need vendor withholding-- we've only heard of one user who needs it for out-of-state sales tax collections.

Users can always change the calculated vendor withholding, sales tax and/or discount amounts by typing in something else.

Comments

Entered 1/6/04 by Dennis. Updated 11/6/2010.