Notifications
Announcements
No record found.
Hi All,
i need help in posting a VAT only Invoice or Credit Note in AX Dynamics 2012. How can this be done? Any help would be most appreciated.
Kind regards.
*This post is locked for comments
Hello Hamza Sheikh,
You need to provide us more information here.
What VAT system do you refer to (=> for which Country is this implemented?) and what is the issue with the VAT posting for invoices and credit notes?
Have you setup something already?
If so, what does not work correctly?
Best regards,
Ludwig
Hi Ludwig,
It is implemented for the UK. Well we have charged a customer VAT when we should have charged them VAT. We therefore need to adjust our ledgers accordingly, i wanted to do a credit note to the customer for just the VAT
shouldnt*
Hi Hamza Sheikh,
Can't you just create a free text credit note with the very same sales tax group & item sales tax group used for the original invoice but a negative amount included?
This is possibly the fastest and simplest way to get this corrected without influencing your inventory.
(Please keep in mind that if the original invoice was related to a sales order, you won't have a link established between the free text credit note and the sales order)
wouldn you have to create a Tax Group with 100% and then credit exactly that amount with that tax group so it is in the correct account?
so there is no way of just raising a 0 value but GBP100.00 vat credit note? We are spending a lot of time reversing invoices and re doing invoices when the only thing wrong is the VAT amount.
Please explain?
100% Tax Group. So the whole amount is accounted to the tax Offset acount. but i am not a financer
HI Hamza Sheikh,
A tax only posting can be realized through a journal where you select the tax code for which you need a correction.
This option is only available for internal transactions.
If you need to create a credit note for a customer, you can't select the tax code directly and consequently need to create a proper credit note and new correction invoice.
Can you let us know why you spend a lot of time for tax corrections? This indicates that something in your tax Setup might not be correct.
Currently we have to issue a credit note and re do the entire invoice at the correct VAT rate. This is a time consuming and lengthy exercise as there are potentially lots of corrections we need to do. We need something which will allow us to post VAT only credit notes with out any net amounts etc.
i am not quite sure about our Tax setup it was done via an AX Partner who we are no longer in touch with hence why i am asking here.
Under review
Thank you for your reply! To ensure a great experience for everyone, your content is awaiting approval by our Community Managers. Please check back later.
As AI tools become more common, we’re introducing a Responsible AI Use…
We are honored to recognize Neeraj Kumar as our Community Spotlight honoree for…
These are the community rock stars!
Stay up to date on forum activity by subscribing.
Martin Dráb 4 Most Valuable Professional
Priya_K 4
MyDynamicsNAV 2
