Tax Applied

This field defaults the ‘unpaid tax’ amount for the invoice (initialized or manually applied payments) or the amount of the payment, whichever is greater. For example, if the payment amount is $1000.00, but the Current Due is $25,000.00 and the UnPaid Tax is $1,500.00, this field will default 1000.00. You can override this as necessary.

If you override the default amount, specify any amount of the payment to apply towards the tax amount, as long as it does not exceed the amount in the Unpaid Tax field. To override this restriction, select the Remove Input Restrictions check box in AR Payment Detail.

Note: If you are using the Distribute Tax to Retainage feature (AR Company Parameters), this amount will not include retainage tax. Retainage tax is included in the UnPaid Retg amount and paid when retainage is paid.
Tip: To reverse an invoice's tax amount, press Ctrl + T. See Posting Shortcuts in Related Topics for more information.  

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