What are CoA Tax Modes for purchase transaction modules?
- For the purchase transaction modules, the CoA tax modes, Vendor account taxes, Contact account taxes, and Item account taxes auto-update the taxes of a Vendor’s, Contact’s, and Item’s Purchase account respectively.
- With Tax Modes Vendor account taxes, Contact account taxes and Item account taxes, selecting a Vendor, Contact and Item for a Purchase Order the Vendor’s, Contact’s and Item’s Purchase account’s taxes will by default be considered and displayed under Tax for the Purchase Order.
- For Purchase transaction modules, with Tax Modes Vendor account taxes, Contact account taxes and Item account taxes, deselecting a Vendor, Contact and Item for a Purchase Order the following error message is displayed All line item taxes will be recomputed with the selected related Inventory account taxes.