How to Create Fiscal Positions ( OS Partner / Wholesale, Online, InterCompany Customers)

Fiscal Position is a feature in Odoo that helps you set rules to automatically adapt the taxes or accounts from a certain product based on the account you are about to designate to a specific contact.

To create a fiscal position,

1. Go to Accounting Module > Configuration > Fiscal Positions.

2. From there, click on CREATE. Basically, you can add the name of the Fiscal Position. Here, you can now maximize the feature through these two tabs available:

• Tax Mapping: Having the specific taxes for each account, once you selected this certain fiscal position for a specific contact, the tax mapping you added to the second column will then be applied for that particular contact. In this example, once we select NZ Sales for the customer, the tax to apply will be NZ GST (Sales) instead of GST on Income (Sales).

• Account Mapping: Instead of using the default account for a certain product, once this Fiscal Position is selected for a particular contact, the "Tax to Apply" will be applied accordingly.

3. Once done, don't forget to "SAVE".

To apply for the created fiscal position,

1. Go to Contacts Module > then search for the contact you wish to apply for the fiscal position.

2. By going to the "Sales & Purchase" Tab, select the fiscal position accordingly.

3. Once done, click on "SAVE" & "CONFIRM".

4. Now, once you create a transaction related to that particular contact, you will see that the Taxes and Accounts are updated based on the fiscal position applied instead of using the default account and taxes of the product.