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Streamlining Sales Tax Management in D365 F&O

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#tax

Dynamics 365 Finance

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Jan 26, 2024

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  • The article titled "Managing sales tax can be a complex task, especially for companies operating across multiple regions with varied tax rates and rules" discusses how Dynamics 365 Finance and Operations provides robust tools to automate and simplify sales tax management.
  • One of the essential steps in managing sales tax in D365 F&O is creating a Sales Tax Code. This can be done by navigating to the Tax module and selecting 'Indirect taxes' > 'Sales tax' > 'Sales tax codes.'
  • Managing sales tax efficiently often involves grouping codes, which can be done by expanding the Sales Tax Group in the Tax module and selecting 'Indirect taxes' > 'Sales tax' > 'Sales tax groups.' A new Sales Tax Group can be added by clicking on '+New' and the Sales tax code can be selected or entered.
  • Fine-tuning tax management also involves making changes to item-specific tax groups. This can be done by navigating to the Tax module and selecting 'Indirect taxes' > 'Sales tax' > 'Item sales tax groups.' In the 'Setup FastTab,' select '+Add' from the toolbar to add a code to the selected group.

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