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Dynamics 365 Community / Forums / Finance | Project Operations, Human Resources, ... / AX 2012 : setup of VAT...
Finance | Project Operations, Human Resources, ...
Suggested Answer

AX 2012 : setup of VAT for fixed assets

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Posted on by NellyG 65

Hi,

I have started working on the fixed assets module of AX 2012 recently and I don't know how to setup VAT so that entries are posted in the ledger when an acquisition is booked.

I have created specific VAT code / VAT group / Item VAT group for fixed assets.

I book FA acquisitions through a Fixed assets journal. The offset account is the supplier. I was hoping to find a drop-down list to select a VAT group, but i didn't.

Could someone send me some guidelines?

Thanks a lot!

Nelly

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  • Suggested answer
    Ludwig Reinhard Profile Picture
    Ludwig Reinhard Microsoft Employee on at

    Hello Nelly,

    The fixed asset journal does not support VAT transactions.

    If you have a vendor invoice with VAT to be posted, you need to record it e.g. in a vendor invoice journal or a GL journal instead.

    Best regards,

    Ludwig

  • Suggested answer
    SouravDam Profile Picture
    SouravDam 11,730 on at

    Hello NellyG,

    In addition; you can also do the acquisition through purchase order where you can maintain the VAT.

    Kindly test and let us know.

    Best regards,
    Sourav Dam

    Kindly mark this thread 'Yes' if this is answered your query which may help other community members in this forum.

  • André Arnaud de Calavon Profile Picture
    André Arnaud de Cal... 301,035 Super User 2025 Season 2 on at

    Hi Nelly,

    Can you explain what exact VAT should be posted here? There are some countries where e.g. 50% of the VAT related to an asset should be considered as asset as well. Or is your question just simply related to the VAT on the vendor invoice which needs to be posted separately?  

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