How to access Vendor account taxes for purchase transaction modules?

Follow these steps to access Vendor account taxes:

• Step 1: Setting up a Purchase account
• Step 2: Linking a Purchase account to a Vendor
• Step 3: Automated tax updation with Vendor account taxes

Step 1: Setting up a Purchase account



Follow these steps to add a Purchase account:
Note: For instance we have considered the Purchase account Retail with tax types SGSTand INP.

1. Log into your CRM account.
2. Click the User Menu.
3. Click Settings.
4. Look for Inventory.
5. Click Chart of Accounts.
6. You will be directed to the Chart Of Accounts page.
7. Click + Add Account button.
8. You will be directed to the Add New Account window.
9. Add or select the below information:

1. Account Name - Retail
2. Account Code - 102
3. Account Type - Purchases
4. Select Tax - SGST, INP

10. Click Save.

You have now successfully added Retail with tax types SGST and INP.
Step 2: Linking a Purchase Account to a Vendor



Follow these steps to link a Purchase account to a Vendor:
Note: For instance we are linking the Purchase account Retail to the Vendor Global

1. Login to your CRM account.
2. Click the User Menu.
3. Click Inventory.
4. Look for Order Fulfillment.
5. Select Vendors. 
6. Select Global.
7. Under Vendor Details in the Purchase Account field, select Retail.

You have now successfully added Retail as Global’s Purchase account.
Step 3: Automated tax updation with Vendor account taxes



Follow these steps for automated tax updation with Vendor account taxes:

1. Login to your CRM account.
2. Click the User Menu.
3. Click Inventory.
4. Look for Order Fulfillment.
5. Select Purchase Orders. 
6. Select Deal.
7. Under Purchase Order Details in the Vendor Name field, select Retail.

 

8. Under Item Details:

1. Select an Item.
2. Select the Tax Mode Vendor account taxes.
3. Under Tax, SGST and INP taxes derived from Global’s Purchase account Retail are autofilled.

With the CoA, Vendor account taxes has now successfully autofilled Global’s Purchase account Reatil’s taxes for Deal.