(IND) Post purchase transactions of excise using the Invoice approval journal form [AX 2012]

Updated: October 13, 2012

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

When you fetch a voucher from the invoice register journal and post it in the invoice approval journal, the taxes posted in the invoice register journal are reversed. When you credit the vendor account and debit the ledger account, the excise amounts calculated will be debited to the accounts as defined in the tax ledger posting group for the ECC number.

The excise register Part II is updated with the excise amount according to the type of register that you select in the Excise record type field on the Tax information tab in the Invoice approval journal form.

The ledger accounts that will be debited with the excise amounts will depend on the excise record type that you select in the Excise record type field.
NoteNote

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

  1. Click Accounts payable > Journals > Invoices > Invoice approval journal.

  2. Press CTRL+N to create a new journal and click the Lines.

  3. Click Fetch vouchers to fetch the voucher or vouchers posted in the invoice register journal.

  4. Click the General tab. Select the sales tax group in the Sales tax group field and the item sales tax group in the Item sales tax group field.

  5. Enter the amounts in the Assessable value field or the Max. retail price field.

    NoteNote

    If the Taxable basis is Assessable or Max.retail price, modify the Assessable value and Max.retail price.

  6. Click the Tax information tab.

  7. Select the ECC number of the company in the ECC number field.

  8. Select the excise tariff code in the Excise tariff codes field.

  9. Select the type of excise record in the Excise record type field.

  10. Click Sales tax to view the calculation of excise in the Temporary sales tax transactions form.

  11. Validate and post the journal.


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

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