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Microsoft

Process VAT in Microsoft Dynamics 365 Business Central

Microsoft via Microsoft Learn

Overview

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  • Module 1: Do you want to know how to set up Value Added Tax (VAT) in Business Central? If so, then this module is for you because it explains how to set up VAT posting groups and set up VAT templates.
  • By the end of this module, you will be able to:

    • Set up VAT posting groups.
    • Assign VAT G/L accounts in the VAT posting setup.
    • Set up VAT clauses.
    • Specify VAT rates in the VAT posting setup.
    • Set up a VAT statement.
    • Set up unrealized VAT.
  • Module 2: Do you want to learn how to process VAT in Business Central? This module will explain what you will need to process transactions with VAT.
  • By the end of this module, you will be able to:

    • Understand how VAT is calculated in sales and purchase documents.
    • Display VAT amounts in sales and purchase documents.
    • Adjust VAT amounts in sales and purchase documents.
    • Adjust VAT amounts in journals.
  • Module 3: Do you want to find out what the VAT settlement report is used for? If so, then follow along with this module as it demonstrates how to calculate and post a VAT settlement in Business Central.
  • By the end of this module, you will be able to:

    • Understand why VAT settlements are used in Business Central.
    • Run the Calc. and Post VAT Settlement batch job.
    • Analyze open and closed VAT entries.
  • Module 4: Do you want to know what to do in Business Central when a VAT rate changes? This module will focus on how to use the VAT Rate Change Tool, which enables you to change VAT rates to maintain accurate VAT reporting.
  • By the end of this module, you will be able to:

    • Identify the reasons for using the VAT Rate Change Tool.
    • Set up posting groups to configure a new VAT rate.
    • Perform a VAT rate change.

Syllabus

  • Module 1: Set up VAT in Dynamics 365 Business Central
    • Introduction - Set up VAT posting groups
    • Enter lines in VAT posting setup
    • Use assisted setup to set up VAT
    • Set up VAT clauses
    • Set up a VAT statement
    • Set up unrealized VAT
    • Check your knowledge
    • Summary
  • Module 2: Process VAT in documents and journals in Dynamics 365 Business Central
    • Introduction - Display VAT amounts in sales and purchase documents
    • Adjust VAT amounts
    • Check your knowledge
    • Summary
  • Module 3: Calculate and post VAT settlements in Dynamics 365 Business Central
    • Introduction - Run the VAT settlement
    • Analyze the VAT settlement results
    • Check your knowledge
    • Summary
  • Module 4: Perform a VAT rate change in Dynamics 365 Business Central
    • Introduction - Prepare for the VAT rate change
    • Configure the VAT Rate Change Tool
    • Convert to a new VAT rate
    • Check your knowledge
    • Summary

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