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Implementing Microsoft Dynamics 365 for Finance and Operations
book

Implementing Microsoft Dynamics 365 for Finance and Operations

by Rahul Mohta, Yogesh Kasat, JJ Yadav
September 2017
Beginner to intermediate
562 pages
13h 46m
English
Packt Publishing
Content preview from Implementing Microsoft Dynamics 365 for Finance and Operations

Tax engine

Similar to electronic reporting, Microsoft is introducing a tax engine (TE) to set up and calculate taxes from a code-based approach to configuration. The new tax engine is highly configurable and lets business users, functional consultants, and power users configure tax rules that determine tax applicability, tax calculation, posting, and settlement, based on the legal and business requirements. The tax engine covers the following functional scopes: 

Functional area

Scope

Tax administration

  • Tax registration
  • Tax authority
  • Tax-related information on master data
  • Tax invoice and voucher numbering

Tax applicability

  • The application scope of a tax
  • Applying taxes on transactions

Tax calculation

  • Determination ...
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Publisher Resources

ISBN: 9781787283336