(POL) Set up overdue debt VAT parameters for VAT journals

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

Follow the steps in this topic to set up the following information for overdue debt value-added tax (VAT) journals:

• Offset accounts to post reversed incoming and outgoing VAT

• Number sequences for overdue debt VAT journals

• Parameters that are used to identify the invoice transactions that are included in the overdue debt VAT journal

Prerequisites

The following table shows the prerequisites that must be in place before you start.

1. Set up a ledger posting group for overdue debt VAT journals

Use the Ledger posting groups form to set up a ledger posting group that contains the offset accounts to which the reversed incoming and outgoing taxes are posted.

To perform this task, follow these steps:

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

2. Select or create a ledger posting group. For more information, see 分类帐记帐组 （窗体）.

3. On the General tab, in the Offset reversed incoming tax field, select the offset account to post the reversed incoming tax to.

4. In the Offset reversed outgoing tax field, select the offset account to post the reversed outgoing tax to.

2. Set up number sequences for overdue vendor debt VAT journals

Use the Accounts payable parameters form to set up number sequences for overdue vendor debt VAT journals.

To perform this task, follow these steps:

1. Click Accounts payable > Setup > Accounts payable parameters.

2. Click Number sequences, and then in the Number sequences area, in the Number sequence code field, select a number sequence code for the following references:

   • Journal number for overdue debt VAT

   • Overdue debt VAT voucher

3. Set up number sequences for overdue customer debt VAT journals

Use the Accounts receivable parameters form to set up number sequences for overdue customer debt VAT journals.

To perform this task, follow these steps:

1. Click Accounts receivable > Setup > Accounts receivable parameters.

2. Click Number sequences, and then in the Number sequences area, in the Number sequence code field, select a number sequence code for the following references:

   • Journal number for overdue debt VAT

   • Overdue debt VAT voucher

4. Set up the parameters to identify overdue invoice transactions in overdue debt VAT journals

Use the Overdue debt journal calculation setup form to set up parameters that are used to identify overdue invoice transactions that are included in the overdue debt VAT journals.

To perform this task, follow these steps:

1. Click General ledger > Setup > Overdue debt > Overdue debt journal calculation.

2. In the Overdue debt journal calculation setup form, click New or press CTRL+N to create a record.

3. In the Journal type field, select Customer VAT journal or Vendor VAT journal.

4. In the Minimum number of days field, enter the minimum number of days past the due date after which the transactions are included in the overdue debt VAT journal.

5. In the Maximum number of days field, enter the maximum number of days past the due date before which the transactions are included in the overdue debt VAT journal.

6. In the Calculation type field, select Due date or Invoice date to indicate the date that is used to identify overdue invoice transactions.

7. Select the Validate check box to validate transactions before settling them to ensure that the total overdue debt amount is the same as it was on the date when the last overdue debt VAT journal was created.

Related tasks

(POL) Post VAT transactions

(POL) Set up and create an overdue vendor debt CIT and PIT journal

Technical information for system administrators

If you don't have access to the pages that are used to complete this task, contact your system administrator and provide the information that is shown in the following table.