Skip to main content

Notifications

Announcements

No record found.

Finance | Project Operations, Human Resources, ...
Unanswered

Project invoices and ledger posting profiles plus sales tax

(0) ShareShare
ReportReport
Posted on by 270

Hello

I am currently working in setting up postings for project invoices. I have done the setup of posting profiles like this

pastedimage1677087781408v2.png

I would like to know what to look for to achieve that Sales tax only is calculated on 2 of the main accounts, 2420 and 2425 at this posting step. 
Is there a way to change/adjust the Sales tax code etc before posting the invoice?

Is there some kind of adjustment setup possibility of for this?

I am aware that most of the VAT setup is coming from the expense setup etc
 



  • Kristina K Profile Picture
    Kristina K 270 on at
    RE: Project invoices and ledger posting profiles plus sales tax

    Hello

    The business requirements are that our customer is invoicing some customers according to OSS (One Stop Shop) and all that reporting is done outside of of normal VAT reporting.

    The other requirement is that customer that are considered to be Export customer are being invoiced in 3 different steps. The first 2 invoices are being issued in the project on account step and no VAT has to be calculated or being reported at this step. The 3rd and final invoice will issued to customer when the project is finalized. It is also in this step all VAT reporting should be reported. All in accordance to instructions from tax authorities.

    In the 2 other cases concerning on-account invoices VAT should be calculated and reported at this step.  

  • André Arnaud de Calavon Profile Picture
    André Arnaud de Cal... 292,162 Super User 2025 Season 1 on at
    RE: Project invoices and ledger posting profiles plus sales tax

    Hi Kristina,

    When entering project transactions, the Sales Tax Group and Item Sales Tax Groups are stored on the transaction. You can adjust the project transactions for these fields when required.

    If you don't want to have sales tax calculated, then ensure on the Sales Tax group, there is no Tax code linked.

    Can you explain the exact business requirement why you don't need to have sales tax calculated for some Sales Tax Groups?

Under review

Thank you for your reply! To ensure a great experience for everyone, your content is awaiting approval by our Community Managers. Please check back later.

Helpful resources

Quick Links

Announcing Our 2025 Season 1 Super Users!

A new season of Super Users has arrived, and we are so grateful for the daily…

Vahid Ghafarpour – Community Spotlight

We are excited to recognize Vahid Ghafarpour as our February 2025 Community…

Congratulations to the January Top 10 leaders!

Check out the January community rock stars...

Leaderboard

#1
André Arnaud de Calavon Profile Picture

André Arnaud de Cal... 292,162 Super User 2025 Season 1

#2
Martin Dráb Profile Picture

Martin Dráb 230,962 Most Valuable Professional

#3
nmaenpaa Profile Picture

nmaenpaa 101,156

Leaderboard

Product updates

Dynamics 365 release plans