Sales tax on installmentsIf you use a tax provider, the tax withheld on sales installments is considered estimated tax. The LN tax registers and the tax provider tax registers are not updated when estimated tax is calculated. The actual tax is recognized and registered as tax when the order is settled. Tax is registered for installment sales orders with
When you close an order in the Sales Order Installments (tdsls4110m000) session, LN generates a correction entry that includes the tax amount and late payment surcharge due. The tax code field is empty.
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