If you are importing transactions into the Australian, UK or Candian editions of QuickBooks you may have your import data as
amounts including tax (Gross). In order to display those amounts or rates as
including tax (Gross) in QuickBooks you will need to convert the amounts from
Gross to
Net during the import process.
Zed Axis provides a feature that will convert those amounts or rates for you. Axis checks to see whether you have mapped the
IsTaxIncluded, a
Sales Tax Code (SalesTaxCodeRefFullName) and
Rate and will lookup the tax rate in QuickBooks and convert the amount from Gross to Net. (if you do not map these fields the conversion will not be able to process)
To turn this option on in Axis, click on the
Import tab and then click the
Options button and check the
Convert gross to net option. This will apply to all QuickBooks transaction types that have an amount and a tax code.
Article ID: 86, Created On: 10/21/2011, Modified: 10/21/2011