(IND) General ledger parameters (modified form) [AX 2012]

Updated: October 16, 2012

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

Click General ledger > Setup > General ledger parameters.

Use this form to set up parameters for General ledger. You can use this form to do the following:

  • Select among various types of functionality.

  • Enter default information to use if the information has not been specified at a lower level.

  • Select number sequences that are related to General ledger.

  • Set up postdated checks for vendors and customers.

  • Enable letters of credit and letters of guarantee.

Before you can select some default values, you must set up the values in other forms. To open the form where you can create values, position the pointer in the field, right-click, and then select View details.

NoteNote

The controls that are described in this topic apply only to your country/region. For full documentation of this form, see the following topic or topics:

General ledger parameters (form)

Tab

Description

Direct taxes

Enable the tax parameters that are used to set up direct taxes.

Button

Description

Incentive schemes

Open the Incentive scheme parameters form, where you can set up the parameters for the export-import (EXIM) incentive schemes.

Field

Description

Financial statements

Select this check box to enable financial statements.

Activate incentive schemes

Select this check box to enable EXIM incentive schemes.

Charges

Select this check box to enable charges.

VAT

Select this check box to enable value-added tax (VAT).

Sales tax

Select this check box to enable sales tax.

Excise

Select this check box to enable excise tax.

Service tax

Select this check box to enable service tax.

Customs

Select this check box to enable customs tax.

Vendor calculation date type

Select the date type to use to calculate the excise duty for purchase transactions. Select from the following options:

  • Delivery date − Calculate the excise duty for the vendor invoice by using the date when the item receipt was posted. Calculate the excise duty for journals based on the date when the invoice was posted.

  • Document date − Calculate the excise duty for the vendor invoice by using the document date for the item receipt. If you post an item receipt without specifying the document date, the excise duty is calculated by using the date in the Product receipt field. If you post an invoice without updating the item receipt and without specifying the document date, the excise duty is calculated based on the date when the invoice was posted.

  • Invoice date − Calculate the excise duty for the vendor invoice and journals by using the date when the invoice was posted.

Customer calculation date type

Select the date type to use to calculate the excise duty for sales transactions. You can select from the following options:

  • Delivery date − Calculate the excise duty for the customer invoice by using the date when the item receipt was posted. Calculate the excise duty for journals based on the date when the invoice was posted. If you post an invoice without updating the item receipt, the invoice date is used to calculate the excise duty.

  • Invoice date − Calculate the excise duty for the customer invoice and journals by using the date when the invoice was posted.

Tax recoverable on full payment

Select this check box to transfer the service tax to the recoverable account only when the invoice is fully settled.

Accounting basis

Select the accounting basis to use to calculate service tax. The accounting basis determines the date when you are liable for the payment of service tax.

The option that you select in this field determines the accounting basis that can be used for item sales tax groups. You can select from the following options:

  • Cash basis only – The accounting basis of item sales tax groups is Cash basis. The service is subject to taxation when the payment of the service has been received.

  • Point of taxation basis only – The accounting basis of item sales tax groups is Point of taxation basis. The service is subject to taxation on the date of invoice or receipt of payment, whichever is first.

  • Both – You can create item sales tax groups that have an accounting basis of either Cash basis only or Point of taxation basis only.

Activate TDS

Select this check box to enable Tax Deducted at Source (TDS).

Invoice

Select this check box to enable the calculation of TDS for invoices.

Payment

Select this check box to enable the calculation of TDS for payments.

Activate TCS

Select this check box to enable Tax Collected at Source (TCS).

Invoice

Select this check box to enable the calculation of TCS for invoices.

Payment

Select this check box to enable the calculation of TCS for payments.

Apply tax on cross company payments

Select this check box to list TDS groups and TCS groups of the invoice legal entity for cross-company payments.

NoteNote

This check box is available only if the Payment check box is selected in the Tax deducted at source field group or the Tax collected at source field group.


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