Book Image

Microsoft Dynamics 365 Enterprise Edition - Financial Management - Third Edition

By : Mohamed Aamer Ala El Din
Book Image

Microsoft Dynamics 365 Enterprise Edition - Financial Management - Third Edition

By: Mohamed Aamer Ala El Din

Overview of this book

Microsoft Dynamics 365 for finance and operations is a rapidly growing application and is widely used in enterprise organizations. Because of its ability to maximize business productivity, it is a fast-growing business application package in the ERP market. We will start by looking into ERP concepts, implementation needs, and interface design, giving you basic knowledge of financial management aspects and explaining key concepts along the way. To begin with, you'll be taken through the general ledger and financial dimension functions. You'll later learn about the sales tax mechanism and multi-currency in Microsoft Dynamics 365. We tackle each topic with focused examples and explanations on topics such as payable/receivable accounts, forecasting, cash and bank management, budgeting planning/control, and fixed assets. Finally, we walk you through intercompany, consolidation, costing basics, and financial reporting. By the end of this book, your finance team will have a much richer understanding of Microsoft Dynamics 365 for finance and operations and its powerful capabilities.
Table of Contents (24 chapters)
Title Page
Copyright and Credits
Dedication
Packt Upsell
Contributors
Preface
Index

Chapter 4. Understanding Sales Tax

The sales tax module is the place where a company's sales tax and withholding tax are configured and listed. In this module, a company can calculate the sales tax on each transaction as per the legal requirements, and process the tax payments to tax authorities. The financial controller and chief financial officer will be able to assess sales tax and withholding accuracy. This chapter covers the following topics:

  • Exploring sales tax high-level cycles and entries
  • Understanding sales tax integration with other modules
  • Understanding sales tax setup and configuration
  • Exploring the sales tax mechanism, calculations, and entries
  • Exploring conditional sales tax
  • Understanding withholding tax