Purchase invoice entry and tax

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I would like to book a purchase invoice with the total amount on the vendor and the net amount on the ledger with calculation of the tax.

How should I set this up? Below a screenshot of the present setup.

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Community Member on at

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RE: Purchase invoice entry and tax

Works!!!

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Ludwig Reinhard Microsoft Employee on at

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RE: Purchase invoice entry and tax

Hello Hans,

With my setup, I enter two lines with the gross amount, which means that I enter the gross amount per expense line (1190 and 10710) and D365 caclulates the net amounts (1000 and 9000)

If you want to have net postings, you have to change the parameter setup for your journal.

Best regards,

Ludwig

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Community Member on at

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RE: Purchase invoice entry and tax

But what if you book the ledger postings on a new line? That is my problem if I have several ledger accounts.

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Ludwig Reinhard Microsoft Employee on at

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RE: Purchase invoice entry and tax

Hello Hans,

Here is an example for German tax with a 19% vat rate :-)

1. Journal Setup => not the parameter with the incl tax

2. Enter vendor invoice with gross amount (1000 + 19% VAT = 1190)

3. Resulting voucher

My sales tax code is setup similar to yours except for the %-value

Best regards,

Ludwig

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Community Member on at

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RE: Purchase invoice entry and tax

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Ludwig Reinhard Microsoft Employee on at

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RE: Purchase invoice entry and tax

Hello Hans,

Unfortunately, attaching the screenshot has not worked. Can make use of the use rich formatting form and attach you screenprint after you saved it locally.

Many thanks,

Ludwig

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