Setting up accounting periods
Before creating a sales invoice, set up your accounting periods:
- Go to Setup > Accounting > Manage Accounting Periods.
- Create a customized accounting period, or click Set Up Full Year, then click Submit.
Creating a sales invoice
To create an invoice from a sales order, the status of the sales order must be Pending Fulfillment or Pending Billing.
- Go to Transactions > Sales > Enter Sales Orders > List.
- Click View on the sales order you want to create an invoice for.
- If the sales order is Pending Fulfillment, click Fulfill, then hover over the arrow next to the Save button and click Save & Bill. If the order is Pending Billing, click Bill Remaining.
- To make sure the amounts are correct, click Preview Tax, then check the amounts in the Summary box. You can also check individual lines in the Tax Details tab.
- Click Save.
Bypassing invoice calculation
When creating a sales invoice or cash sales, you have the option to bypass invoice calculation, meaning that GTD will not recalculate sales tax for the invoice; instead, it will keep the sales tax from the sales order.
To turn on this feature, follow these steps:
- Go to Customization > Lists, Records, & Fields > Record Types.
- Find the Sovos Configuration Record and click List.
- Click Edit in the Sovos Configuration row.
- Under the Sovos Tax Configuration tab, select Sovos Bypass Invoice Calculation.
- Click Save.