Dynamics 365 Finance Sales Tax Setup | Tax Codes, Groups, Authorities & Settlement
Learn to configure Sales Tax in Microsoft Dynamics 365 Finance, including ledger posting groups, tax authorities, settlement periods, sales tax codes, sales tax groups, item sales tax groups, tax calculation, posting, and reporting.
- *
Select duration. Access ends after the period.
Sneak peek inside!
Sneak peek inside!
Course Length: 00 Hours 36 Minutes 21 Seconds
The paid version of this course contains videos on the following topics:
Overview
This course provides practical training on Sales Tax Setup in Microsoft Dynamics 365 Finance. You’ll learn how sales tax configuration supports automated tax calculation, accounting, settlement, and reporting through ledger posting groups, sales tax authorities, settlement periods, sales tax codes, sales tax groups, and item sales tax groups.
What You Will Learn
- Understand Sales Tax functionality in Microsoft Dynamics 365 Finance
- Understand the components used in Sales Tax configuration
- Configure Ledger Posting Groups for Sales Tax
- Create and configure Sales Tax Authorities
- Configure Sales Tax Settlement Periods
- Create and configure Sales Tax Codes
- Understand tax rates and Sales Tax calculation rules
- Create Sales Tax Groups
- Create Item Sales Tax Groups
- Understand how Sales Tax Groups and Item Sales Tax Groups determine applicable tax
- Understand Sales Tax posting to General Ledger accounts
- Understand Sales Tax settlement and reporting
- Support accurate and controlled indirect-tax processing
Course Overview
This module includes hands-on demonstrations of:
- Reviewing Sales Tax configuration in Microsoft Dynamics 365 Finance
- Configuring Ledger Posting Groups for Sales Tax
- Creating Sales Tax Authorities
- Configuring Sales Tax Settlement Periods
- Creating Sales Tax Codes
- Configuring Sales Tax Groups
- Configuring Item Sales Tax Groups
- Understanding how Sales Tax is determined on transactions
- Reviewing tax posting, settlement, and reporting concepts
Outcome
By the end of this course, you’ll understand how to configure Sales Tax in Microsoft Dynamics 365 Finance, including Ledger Posting Groups, Sales Tax Authorities, Settlement Periods, Sales Tax Codes, Sales Tax Groups, Item Sales Tax Groups, tax calculation, posting, settlement, and reporting.
