(POL) Create and manage an overdue vendor debt VAT journal

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

You can create an overdue vendor debt VAT journal to identify vendor invoice transactions for a reporting period. You can then correct overdue vendor VAT payment transactions or reverse the corrected VAT transactions, if necessary. For more information, see (POL) Overdue payments for VAT transactions.

Prerequisites

The following table shows the prerequisites that must be in place before you start.

Create and post an overdue vendor debt VAT journal

Use the Overdue debt VAT list page to create an overdue vendor debt VAT journal for a reporting period that you specify.

To perform this task, follow these steps:

1. Click Accounts payable > Periodic > Overdue debt > Overdue debt VAT.

2. On the Action Pane, on the Overdue vendor debt VAT journal tab, click New journal to create a journal.

3. In the Vendor overdue debt VAT calculation form, in the Date field, specify the date when the debt amount is calculated. The date is used to calculate the reporting period for the journal in the From date and To date fields based on the parameters that you set up in the Overdue debt journal calculation setup form.

4. Click OK to create the journal in the Overdue debt VAT list page. The journal contains a list of overdue VAT paid invoices and overdue VAT unpaid invoices for the reporting period.

5. In the Overdue debt VAT list page, select the journal, and then click Edit to identify the overdue vendor debt invoices for the reporting period.

6. In the Overdue vendor debt VAT lines form, on the Overdue debt VAT journal lines FastTab, verify the values in the Paid amount and Paid tax amount fields in the vendor invoices.

7. Select the Exclude check box to exclude vendor invoices from the overdue debt list.

   Note

   You cannot exclude overdue vendor invoices for which you have already posted VAT corrections and received payments from the customer.

8. Optional: On the Overdue debt VAT journal header FastTab, verify the cumulative overdue amount and the overdue tax amount for all overdue invoices that were not paid during the reporting period, and then close the form.

9. Click Post to create a reverse transaction for the invoices that are included in the journal. In the Overdue debt VAT form, the Posted check box is selected for the journal.

Correct or reverse an invoice with overdue vendor payments

Use the Overdue debt VAT list page to correct or reverse an invoice that has overdue vendor payments.

To perform this task, follow these steps:

1. Click Accounts payable > Periodic > Overdue debt > Overdue debt VAT.

2. In the Overdue debt VAT list page, select the journal that you want to correct, and then click Edit.

3. In the Overdue vendor debt VAT lines form, on the Overdue debt VAT journal lines FastTab, select the Exclude check box to exclude vendor invoices from the overdue debt VAT list.

4. On the Action Pane, in the Post group, click Cancel.

   Note

   You can only cancel the most recently posted journal.

5. In the Cancel the posting of the overdue VAT journal dialog box, perform one of the following actions:

   1. Select the Correction check box to correct the selected invoices in the journal, and then click OK.

   2. Clear the Correction check box to reverse the selected invoices in the journal, and then click OK.

   In the Overdue debt VAT list page, the Canceled check box is selected for the journal.

Related tasks

(POL) Create and manage an overdue customer debt VAT journal

Technical information for system administrators

If you don't have access to the pages that are used to complete this task, contact your system administrator and provide the information that is shown in the following table.