(HUN) Set up a ledger account for tax discrepancies [AX 2012]

Updated: February 6, 2013

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

Companies must process certain financial documents for taxation purposes. If these tax-related documents are prepared in foreign currency, they must also show the transaction amount in local currency. The required documents include:

  • Invoices

  • Free text invoices

  • Project invoices

  • Credit notes

  • Corrective invoices

Companies are free to select the exchange rate used to calculate VAT for the VAT statement. The exchange rate selected for VAT calculation can be different from the exchange rate used for company accounting functions.

NoteNote

This topic has not been fully updated for Microsoft Dynamics AX 2012 R2.

  1. Click General ledger > Setup > Sales tax > Ledger posting groups.

  2. In the Ledger posting group field, enter the ledger posting group.

  3. In the Description field, enter the name of the ledger posting group.

  4. In the Sales tax payable field, select the ledger account number to ascertain the sales tax payable discrepancy and to offset the transaction.

  5. In the Sales tax receivable field, select the ledger account number to ascertain the sales tax receivable discrepancy and to offset the transaction.

  6. Press CTRL+S or close the form.


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

Community Additions

ADD
Show: