Setting Up Taxed Prices for Sales Orders
Access the Enter New Order form.
- Use Taxed Prices
This check box in the sales order header specifies whether the system enables taxed prices for the entire sales order. The system displays this check box only if the Enable Sales Taxed Prices check box is selected in the Branch/Plant Constants program (P41001).
When you enter a value in the Sold To, Ship To, or Branch Plant fields in the header of the sales order, the system retrieves the default Use Taxed Prices check box value from the Customer Master program (P03013).
You have the option to deselect the Use Taxed Prices check box. If you deselect the check box, the system displays only the current price fields. The system does not calculate or store taxed prices and amounts.
However, you cannot change the status of this check box after you enter a line in the sales order or after you save the sales order. If you access a sales order to update or add a line, you cannot change the value in this check box.
- Taxed Unit Price
The system calculates and displays the total price based on the unit price plus the unit tax amount to be charged for one unit of the item. The system calculates this value based on the tax rate area, tax explanation code and sales taxable values for the item.
Instead of allowing the system to calculate this value in this field, you can enter a value. The system uses this value to calculate the unit price, extended price, taxed extended price, unit tax amount, and extended tax amount.
- Taxed Extended Price
The system calculates and displays the number of units multiplied by the taxed unit price.
For sales orders with taxed prices, the system does not calculate the extended price by multiplying the unit price by the shipped quantity. Instead, the system multiplies the taxed unit price by the shipped quantity to get the taxed extended price. The system uses the existing tax calculation logic to calculate the extended price.
Instead of allowing the system to calculate this value, you can enter a value in this field. The system uses the value that you enter to calculate the unit price, extended price, taxed unit price, unit tax amount, and extended tax amount.
Note: The value in this field includes only the shippable quantity, which may not be the entire order quantity.- Unit Tax Amount
The system calculates and displays the tax amount for one unit. This value is the total of the VAT, use, and sales taxes.
This field is read-only.
- Extended Tax Amount
The system calculates and displays the tax amount for shippable units on the line. This value is the total of the VAT, use, and sales taxes.
This field is read-only.
If you enter a sales order that has a foreign currency, the system displays the Foreign Taxed Unit Price, Foreign Taxed Extended Price, Foreign Unit Tax Amount, and the Foreign Extended Tax Amount fields.
Based on the setting in the Taxable field of the detail grid, a line item on a sales order may not be taxable on a sales order that uses taxed prices. If that is the case, the value in the Taxed Unit Price field equals the value in the Unit Price field and the value in the Taxed Extended Price equals the value in the Extended Price field. The system sets the current prices to their taxed equivalents and the values in the Unit Tax Amount and Extended Tax Amount fields are zero.
If you enter values in any equals enabled price fields in the grid, then the system sets all other price fields to zero, before the tax calculations. If you do not enter any price in the grid, the system calculates values in the following sequence:
Unit price.
Taxed unit price and unit tax amount, using the existing tax calculation logic.
Taxed extended price.
Extended price and extended tax amount, using the existing tax calculation logic.