(HUN) Create a free text invoice that includes the VAT exchange rate
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
Free-text invoices must contain tax information in your organization’s accounting currency.
Organizations are not required to calculate value-added tax (VAT) amounts based on the National Bank currency exchange rates. Instead, you can create exchange rates for calculating VAT in other currencies. The exchange rates that you create for calculating VAT can be different from the exchange rates that you use for general accounting.
Click Accounts receivable > Common > Free text invoices > All free text invoices.
On the Action Pane, in the New group, click Free text invoice.
In the Free text invoice form, on the Free text invoice header FastTab, select the customer account. The default information for the customer account is displayed.
Select a billing classification.
In the Invoice lines grid, enter a description, select the main account, and enter the quantity and unit price for the invoice line.
On the Line details FastTab, enter any additional information.
On the Action Pane, in the Details group, click Sales tax.
In the Sales tax transactions form, enter a date in the Date of VAT register field, and update the sales tax exchange rate.
Note
The Sales tax exchange rate field is automatically filled in with the exchange rate for the default bank group.
You can view the VAT exchange rate information on the General tab.
Note
Any difference in amounts that are caused by the difference between the general accounting exchange rates and VAT calculation exchange rates is automatically posted to the ledger account that has been selected to receive differences in sales tax calculation.