350
Hi Everybody
Please, Is there any standard link between Invoice Taxes and its Payment taxes in GeneralLedger ?
Example :
Invoice1 :
Total Amount without VAT : 100
VAT (20%) : 20
Total Invoice including VAT : 120
Entries in GL (related to VAT only) : MainAccount XXXXX : +20
Payment1:
A partial payment : 60 for example
==> In GeneralLadger the VAT is 10 like that : MainAccount XXXXX : -10 MainAccount YYYYYY : +10
How Can link this +20 (in XXXXX Acount) and -10(in XXXXX Account too) ?
Thanks :)
Hello JauB,
The posting and transaction type fields are usually in the general tab of the voucher screens that you shared above.
You can make a personalization of this form and add move them into the overview grid.
Best regards,
Ludwig
Good Morning JauB,
Is it possible that you make new screenprints that show the posting types of the different vouchers?
I don't know your account numbers and names and without the posting type I am not able to understand what has been recorded.
When doing that, can you also share screenprints of the transaction origin of the different vouchers?
Many thanks,
Ludwig
Hi JauB,
Don't get me wrong. Technically, there is a relationship between VAT and payments that you make.
Yet, the tax laws I am familiar with post VAT usually not at the time payments are made.
There are some exceptions but in general, VAT is not posted with payments
About your issue:
I need more information on your accounts and the posting types used. A single account number does not help much. Can you share the vouchers created in AX?
Best regards,
Ludwig
Hi Ludwig
I'm very suprised to see that there is no relation between Value-added tax and the payment ! If my Item has a tax group =20% (For Sales) and I make a Sales Order on it, so the system will calculate its VAT as (LineAmount *20%) which will be in a special Account in GL (Let's say 100 $ in 44771000 account).
When the customer pay us (partially or completly), or setting is to cancel the amount already saved in 44771000 and create the final entry in an other account (44772000 for example) with the same amount (100 $).
For this scenario, we will have in GL these operations :
when posting the invoice sales order
44771000 : 100$
when posting the payment
44771000: -100 $
44772000 : 100 $
For tax departement we check directly the total amount in 44772000 (here is 100 $ to pay to tax departement).
I hope it's clear
Hi JauB,
What is the relationship between your VAT and the payment?
VAT is usually not related to payments except for cash discounts.
Can you possibly share a screenprint of the voucher including the posting types used when making the partial payment?
Many thanks,
Ludwig
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