Microsoft Dynamics AX (Archived)

Bank payment fee not calculated sales tax correctly.

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Hello All Experts,

Please help me with my below problem

Making a Bank transfer (Bank to Bank) and bank applies some transfer charges with VAT.

1. If we make a general journal voucher exclusive of VAT system given error while posting the voucher.

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2. And If we make a general journal voucher inclusive of VAT system posted the entry and below are the voucher transaction.

4645.003.jpg

The entry should be generated just like below

DR CR

Bank-1 10,000.00

Bank-2 10,000.00

Bank-2 5.25

Loan Charges 5.00

VAT .25

And below screenshot for Sales tax code setup.

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Ludwig Reinhard Microsoft Employee on at

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Hi,

What is wrong with this voucher and what voucher do you expect?

Would be great if you could describe in detail.

Many thanks

Ludwig

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Community Member on at

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Hello Mr. Ludwig,

Many thanks for your reply

We transfer some amount one bank to another bank, let suppose 10,000.00 SAR and bank charge us 5.00 SAR with VAT so total of charge amount is 5.25 SAR

I just need to post the voucher exclusive of VAT and voucher should be like below

DR CR

Bank – 1 10,000.00

Transfer charges 5.00

VAT Receivables .25

Bank – 2 10,000.00

Bank – 2 5.25

General journal voucher line

Payment fee line with VAT

Voucher validated and when we post the voucher system given error

Sales tax code setup

Thanks & Regards

Atul Sahdev

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Ludwig Reinhard Microsoft Employee on at

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Hello Atul,

There might be an account missing for your sales tax posting. Have you checked that for the sales tax code that result from the VAT - VAT5% combination?

If everything seems to be setup correctly, I would like to ask whether the fee has to be posted in the same voucher as the transfer?

That is, wouldn't it be possible to create a simple expense line and have the tax posted as for any other ordinary 'invoice'?

Best regards,

Ludwig

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