Skip to main content

Notifications

Announcements

No record found.

News and Announcements icon
Dynamics 365 Community / Forums / Business Central forum / Multiple Vat Posting o...
Business Central forum

Multiple Vat Posting on the Item card

(0) ShareShare
ReportReport
Posted on by Philj 4

When creating a sales quote we keep getting the following error: The VAT Posting Setup does not exist. Identification fields and values: VAT Bus. Posting Group='EXPORT', VAT Prod. Posting Group='STANDARD'.

This has to do with the general and Vat posting group/setup.  For each Item it is asking me to setup the Vat posting group in the card, however this does not allow multiple Vat Posting on the Item card.  We deal with domestic, EU and Export Vat. 

Is there a way of setting this up without creating 3 item cards for the same item to indicated the different Vat posting/general business posting  or three different GL codes for Vat and general posting group? 

Categories:
Inventory and warehouse management
Business Central
Financial Management
  • Verified answer
    jcastro Profile Picture
    jcastro 2,245 on at
    RE: Multiple Vat Posting on the Item card

    Hello,

    Ok, so after that you will notice that the differences in VAT you are proposing (domestic, EU, export) are not item based, and so you don't need multiple vat options in the item card. All you need to do is that the domestic customers/vendors are set up as such, and same goes for EU and export.

    After that, once you post an invoice or credit memo the system will take care of the rest.

    Best regards,

  • Philj Profile Picture
    Philj 4 on at
    RE: Multiple Vat Posting on the Item card

    Thank you, and yes yours advice is correct, however I set the Vat up and general posting as outlined in the setup.  I am sure it is something simple that I have missed.

  • Suggested answer
    jcastro Profile Picture
    jcastro 2,245 on at
    RE: Multiple Vat Posting on the Item card

    Hello Phil,

    It seems the different types of VAT you speak of (domestic, EU and export) are not VAT causes related to the item itself, but rather the business (customer or vendor) you interact with. That being the case, the differences you need to keep in mind are in the customer/vendor card, not duplicating the item card.

    Once you have both the customer and/or vendor set up, and add item lines to the document, once you post it the system will decide the VAT treatment it needs to apply based on the "VAT Posting Setup" window. Make sure to check that.

    If you want more information you can check the following link (specially the "To set up VAT business posting groups" section):

    docs.microsoft.com/.../finance-setup-vat

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

November Spotlight Star - Khushbu Rajvi

Congratulations to a top community star!

Forum Structure Changes Coming on 11/8!

In our never-ending quest to help the Dynamics 365 Community members get answers faster …

Dynamics 365 Community Platform update – Oct 28

Welcome to the next edition of the Community Platform Update. This is a status …

Leaderboard

#1
André Arnaud de Calavon Profile Picture

André Arnaud de Cal... 291,622 Super User 2024 Season 2

#2
Martin Dráb Profile Picture

Martin Dráb 230,354 Most Valuable Professional

#3
nmaenpaa Profile Picture

nmaenpaa 101,156

Leaderboard

Featured topics

Product updates

Dynamics 365 release plans