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Dynamics 365 Community / Forums / Microsoft Dynamics NAV (Archived) / Setting up VAT codes f...
Microsoft Dynamics NAV (Archived)

Setting up VAT codes for use on purchase invoices

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Posted on by Community Member Microsoft Employee

Hi All,

Sorry if this is a very basic question, I have tried to find the answer on the internet/this forum and haven't worked it out.

At present we do not use VAT codes at all in NAV. Now we want to keep track of how much VAT we have paid, so we can look to reclaim some. So I need to do the following:

1) Set up 5 new VAT codes which will be the same across all suppliers/departments in the business

2) Change the purchase invoice entry form so that the relevant VAT code can be selected for each new invoice

3) Run a report to see total VAT paid under each of these 5 VAT codes.

I thought it would be easy, but I am confused about VAT business posting groups, VAT product posting groups and so on...

We don't need to use the codes for sales (we don't have sales).

Thanks for any advice people can give!

*This post is locked for comments

  • Community Member Profile Picture
    Community Member Microsoft Employee on at
    RE: Setting up VAT codes for use on purchase invoices

    Thank you for these links. I have set up the VAT business and product posting groups now. A couple of follow up questions if you have time, couldn't see answers in the links already provided:

    - We don't want the VAT on purchases to go to a separate general ledger account, instead it should go to the same general ledger account as the rest of the invoice cost (ie. it should be posted gross of VAT). So when I set up the VAT posting combination I haven't entered a code under purchase VAT account. Is that the right way to do it?

    - In the new purchase invoice form I can only see a column for "line amount excl. VAT". Is it possible to show the amount including VAT instead? Or ideally, two columns, one for amount excluding VAT and one for VAT only?

  • mmv Profile Picture
    mmv 11,465 on at
    RE: Setting up VAT codes for use on purchase invoices

    As mentioned by Mohana, you may follow those links to guide you through the set up.

  • Verified answer
    Mohana Yadav Profile Picture
    Mohana Yadav 59,139 Super User 2024 Season 2 on at
    RE: Setting up VAT codes for use on purchase invoices

    Please go through these links

    msdn.microsoft.com/.../hh168834(v=nav.71).aspx

    navtipsandtraining.com/.../nav-posting-groups

    navtipsandtraining.com/.../the-method-behind-the-madness-nav-posting-groups

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