Sage 200 Evolution ZA Ideas Portal
Welcome to the Sage 200 Evolution ideas Portal
Welcome to the Sage 200 Evolution ideas Portal
Ghana VAT system need to be implemented in Sage 200 ERP to help end users have the standard Invoice as requested by Ghana Revenue Authority.
In 2018 the Government of Ghana introduce a new tax system in Ghana, which is termed as Tax on Tax'
Example of Computation summary for Customer Invoice as below:
(Income line) Sales- 100.00
Liability(Getfund 2.5%) 2.50
Liability (NHIL 2.5%) 2.50
Liability (Covid L 1%) 1.00
106.00
Liability (VAT 15%) 15.90
Total Inclusive 121.90
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*Liability stated above are the components of taxes to be paid to our Tax authority*
2. Example of Computation summary for supplier Invoice as below:
(Expense line) Sales - 100.00
Expense (Getfund 2.5%) 2.50
Expense (NHIL 2.5%) 2.50
Expense (Covid L 1%) 1.00
106.00
Liability (VAT 15%) 15.90
Total Inclusive 121.90
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What is the workaround for the problem today?
Currently, when an Invoice is being processed, there is a ledger account created for both Liability and expense to handle both Customer and Supplier entries. After the line item is selected, a VAT of 15% is selected, then on the second line the Ledger account created is selected, where the various tax components is manually computed on the exclusive amount then the Tax of 15% is charged on it again to arrive at the expected Total Inclusive amount. The only challenge is that the various Tax break down does not show on the Invoice after printing. |
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| Your Designation/Role | Manager |
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