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dynamiczip:faq:sales_tax_posting_account_faq

How can I setup the sales tax posting account?

You can setup default accounts, and you can assign accounts to tax details.

Default Posting Account Setup

Microsoft Dynamics GP provides a default posting account for sales tax liability. Taxes associated with any Tax Detail that does not have a specific posting account assigned to it will be posted to that default posting account.

To set the default posting account in Microsoft Dynamics GP

  1. Open the Posting Accounts Setup window (Setup » Posting » Posting Accounts).
  2. Choose the Sales series from the Display list.
  3. Scroll down to Taxes and type the default posting account of your choice.
  4. Click OK.

To set the default posting account per state in DynamicZip

  1. Enter or lookup a State.
  2. Enter or lookup a posting account. NOTE: The State Setup window's Posting Account field will only be used for new tax details. Any existing tax details' posting accounts will not be updated by this field.

Tax Detail Posting Account Setup

Microsoft Dynamics GP provides the option to set a posting account per tax detail ID. To assist with managing the vast number of tax detail IDs, DynamicZip provides the option to set the tax details' posting accounts en mass.

Tax Detail Maintenance

  1. Open the Microsoft Dynamics GP Tax Detail Maintenance window.
  2. Select the desired tax detail ID.
  3. If a posting account is entered in the Account field, then it will be used for this tax detail instead of the account listed in Posting Account Setup above.

DZ Set Posting Accounts

This window allows you to set the posting account for multiple tax details at once.

  1. Enter a Type of Sales or Purchases.
  2. Use one of the available Selection Methods to include the tax details of your choice.
  3. You can also limit by Taxable or Exempt details if you need to.
  4. Enter or lookup a posting account.
  5. Press the Preview button to see a report of the changes to be made with your current settings.
  6. Press the Update button to set the posting account.

Frequently Asked Questions


dynamiczip/faq/sales_tax_posting_account_faq.txt · Last modified: 2015/03/05 20:25 by 127.0.0.1

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