(ITA) Reverse a closed conditional sales tax transaction [AX 2012]

Updated: February 17, 2011

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

Sales tax is paid on conditional sales transactions when an invoice is settled, not when the invoice is posted. For invoices that are not fully settled with a single payment, you must report and pay sales tax only on the amounts that are settled. You can reverse a conditional sales tax transaction only during the fiscal month in which it was created.

You must create a sales tax group, sales tax code, item sales tax group, and settlement period for conditional sales tax transactions. For more information, see Set up conditional sales taxes.

You can post a free text invoice, settle the payment for the invoice, and then calculate the sales tax payment for the conditional sales tax transaction.

Use the Free text invoice details form to create and post a free text invoice.

  1. Click Accounts receivable > Common > Free text invoices > All free text invoices.

  2. Create a new free text invoice or double-click on an existing free text invoice to modify.

  3. In the Sales tax group field, select a sales tax group.

  4. In the Item sales tax group field, select an item sales tax group.

  5. Click Post to open the Post free text invoice form, and then click OK to post the free text invoice.

  6. Close the form to save your changes.

  7. Click Accounts receivable > Journals > Payments > Payment journal.

  8. Press CTRL+N to create a new journal. For more information, see Create and validate journals and journal lines.

  9. Click Lines.

  10. In the Account and Invoice fields, select a customer account number and the number of the free text invoice that is posted for the customer.

  11. Click Payment fee tab, and in the Fee ID field, select the payment fee for the transaction.

  12. In the Currency field, select the currency for payment.

  13. In the Sales tax group field, select the sales tax group.

  14. In the Item sales tax group field, select the item sales tax group.

  15. Click Functions > Settlement to open the Settle open transactions form.

  16. Select the Mark check box to select the voucher for settlement.

  17. Close the form to save your changes.

  18. Click Validate > Validate to validate the journal, and then click Post > Post to post the journal.

  19. Close the forms to save your changes.

Use the Sales tax payment form to calculate and record sales tax payments for the settlement period.

  1. Click General ledger > Periodic > Sales tax payments > Sales tax payments.

  2. In the From date and Transaction date fields, select the start date and the end date of the fiscal month. For more information, see Sales tax payment (class form).

  3. In the Sales tax payment version field, select Original.

  4. Select the Update check box, and then click OK to post the sales tax payment calculations for the settlement period.

You can reverse a closed conditional sales tax transaction if the fiscal month has not closed. Use the Closed transaction editing in several currencies form to reverse a closed transaction for conditional sales tax.

  1. Click Accounts receivable > Common > Customers > All customers.

  2. Select a customer account, and then click Collect > Closed transaction editing to open the Closed transaction editing in several currencies form.

  3. Select the Mark check box for the transaction to be reversed, and then click Reverse. The transaction is reversed.

  4. Close the forms to save your changes.


Announcements: To see known issues and recent fixes, use Issue search in Microsoft Dynamics Lifecycle Services (LCS).

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