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Discounts & Taxes (Reposetd for willis)

Discounts & Taxes (Reposetd for willis)

Discounts & Taxes (Reposetd for willis)

(OP)
I have a question of my own. Since I am a programmer, my expertise on functionality is low. My question is, "When taking a discount from an invoice, is there a switch to control the inclusion or exclusion of taxes applied to the invoice gross amount?". Some states do not allow reduced taxes on goods purchased with a discount while others do.

RE: Discounts & Taxes (Reposetd for willis)

I'll answer my own question since now I have become an "expert" on discounts and its application to MIMS.

Only certain states allow discounts to be inclusive with taxes. Meaning, if the client receives a discount, the invoice amount after the discount is taxable rather than the initial invoice amount.

To answer my question is no: MIMS is not an American software package, but an international software package. Until Mincom, Inc. has a strong enough client base to break free from big brother Mincom PTY LTD, the software will remain international leaving American clients to their own devices for development of an American-ized MIMS.

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