Hi All…
how to run sales tax settlement in AX2009[5.0]. i have given all the setups to run the tax transactions. but i would like to know that how can we settle the tax to tax vendor which is we give in sales tax settlement period.
Thanks…
Hi Experts…
i have been waiting for your valuable comments to above quire…
if so you would be appreciated…
Hi,
As I know, you can only make a settlement to a chart of account. (this is setup in GL/Setup/Sales tax/Ledger posting group)
What you can do is use for instance a settlement account 411000. And post an purchase invoice via invoice journal to your vendor you want and the used settlement account 411000. This way your account 411000 becomes zero, and you only have a debt on your “tax” vendor.
That’s the way I should do it in Belgium but are AX2009 is based on the Belgium Tax authorities. Probably there are slight differencies between countries.