Menu
GP

Tip: Date Effective Tax Rates in Microsoft Dynamics GP

You can now enter the tax rated in advance for transactions, and calculate the taxes based on the rates specified for a date range. You can also recalculate the taxes for the saved transactions by modifying the specified tax rates based on the latest rates specified by the tax authorities. You can mass modify the tax rates, and regenerate the taxes for the saved transaction batches.

To set up a date effective tax open the company setup options window.

            GP > Tools > Setup > Company > Company > Options (Button)

 

Date Effective Tax Rates

 

In the Company Setup Options scrolling window, mark the ‘Enable Tax Date’ checkbox to allow you to use the tax date option for calculating the tax rate for the transaction based on a tax date.

 

Date Effective Tax Rates

 

Mark the Use Date-effective Tax checkbox. Select the option to calculate the tax. The option that you select here is used for updating the taxes for saved transactions within the tax effective date range. Transactions that are corrected will be based on the date you select here. You can select the Document date, Posting date or the Tax date to calculate the tax.

 

NOTE: Select posting date if you want to calculate tax based on the posting date that you specify. Select Tax date if you want to calculate tax based on the tax date that you specify. Select Document date if you want to calculate tax based on the document date that you specify

 

You must set up the date range for the specified Tax ID to calculate the tax amount or percentage for the transaction.

 

Open the Date effective Tax Rates Window.

            GP > Tools > Setup > Company > Tax Details

Select The Tax Detail ID and click on the Date effective Tax Rates button.


Date Effective Tax Rates

 

Specify the date range for the specified tax amount or percentage.

 

Date Effective Tax Rates

 

In addition to altering these tax percentages individually, you can also utilize the Mass Modify Tax Percentage utility.

Search in All Title Contents
2018 Oct  13  3
2018 Sep  27  3
2018 Aug  45  5
2018 Jul  18  5
2018 Jun  45  6
2018 May  33  5
2018 Apr  224  6
2018 Mar  77  7
2018 Feb  42  5
2018 Jan  91  5
2017 Dec  86  9
2017 Nov  39  6
2017 Oct  71  8
2017 Sep  31  5
2017 Aug  151  11
2017 Jul  164  9
2017 Jun  119  11
2017 May  224  10
2017 Apr  27  6
2017 Mar  248  9
2017 Feb  133  11
2017 Jan  404  11
2016 Dec  134  10
2016 Nov  106  12
2016 Oct  15  11
2016 Sep  29  15
2016 Aug  31  16
2016 Jul  27  11
2016 Jun  32  12
2016 May  30  20
2016 Apr  28  5
2016 Mar  21  10
2016 Feb  34  3
2016 Jan  6  4