(HUN) Create a sales order that includes the VAT exchange rate

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Important

This content is archived and is not being updated. For the latest documentation, see Microsoft Dynamics 365 product documentation. For the latest release plans, see Dynamics 365 and Microsoft Power Platform release plans.

Applies To: Microsoft Dynamics AX 2012 R3, Microsoft Dynamics AX 2012 R2

Tax-related financial documents must contain monetary amounts in local currency. These financial documents include the following:

  • Invoices

  • Free text invoices

  • Project invoices

  • Credit notes

  • Corrective invoices

  • Purchase orders

Companies are not required to calculate value-added tax (VAT) amounts based on the National Bank currency rates. Instead, you can create exchange rates to use to calculate VAT in other currencies. The exchange rates that you use to calculate VAT can differ from the exchange rates that you use for general accounting.

Use this procedure to create and post a sales order in which you specify the VAT exchange rate.

Prerequisites

Before you can use an exchange rate for calculating VAT that differs from the exchange rate that you use for general accounting, you must perform the following steps.

  1. Set up exchange rate types for calculating VAT. For more information, see (HUN) Currency exchange rate types (form).

  2. Click General ledger > Setup > General ledger parameters.

    • In the Sales tax area, on the Tax options FastTab, in the Bank field group, select the Bank exchange rate check box.

    • Select exchange rate types in the Sales tax receivable exchange rate type and Sales tax payable exchange rate type fields.

  3. Set up exchange rates for sales tax. For more information, see (HUN) Set up exchange rates for calculating VAT.

  4. Set up accounts for posting sales tax differences. For more information, see (HUN) Ledger posting groups (modified form).

Create and post a sales order that includes the VAT exchange rate

  1. Click Accounts receivable > Common > Sales orders > All sales orders. On the Action Pane, on the Sales order tab, in the New group, click Sales order.

  2. In the Create sales order form, select a customer, enter any additional information, and click OK.

  3. In the Sales order form, on the Sales order lines FastTab, enter the details for the sales order line. For more information, see Sales orders (form).

  4. On the Action Pane, on the Sell tab, in the Tax group, click Sales tax.

  5. In the Temporary sales tax transactions form, in the Date of VAT register field, select the VAT register date, and then, in the Sales tax exchange rate field, modify the sales tax exchange rate.

  6. Close the Temporary sales tax transactions form.

  7. In the Sales order form, continue entering sales order lines or, if the order is complete, continue processing the sales order according to your organization’s established procedures.

When you create and post the sales invoice, any differences in amounts that are caused by the difference between the exchange rates that you use in general accounting and the exchange rates that you use to calculate VAT are automatically posted to specified accounts. You can specify these accounts in the Ledger posting groups form.

See also

(HUN) Temporary sales tax transactions (modified form)

(HUN) Set up exchange rates for calculating VAT