MB-310: Microsoft Dynamics 365 Financial Consultant
Change Record
Version | Date | Change |
---|---|---|
1.0 | 13 Sep 2024 | Initial release |
Objective
Breakdown of voucher is the process you follow to break an invoice line into multiple tax lines. It is not possible to use two tax rates in one journal line. By using breakdown of voucher, it will be possible to use multiple tax codes with different rates.
Use the USMF company for the exercises in this lab.
Exercise 1 Break down a voucher
During this lab, you will enter a vendor invoice journal by using multiple tax rates.
Scenario
The accounts payable clerk at Contoso, Ltd. receives a vendor invoice with two tax lines and one net amount. The clerk plans to break down the voucher so the tax posts correctly. The total net amount is $10,000, with 7.25 percent charged on $7,000 and 8.25 percent on $3,000.
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Navigate to Accounts payable > Invoices > Invoice journal.
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Select the New button to create a new journal.
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In the Name field, select APInvoice.
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Select the Lines button in the Action Pane.
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In the Date field, select today for the date.
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In the Account field, enter US-111.
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In the Invoice date field, enter 7/10/2024.
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In the Invoice field, enter 125.
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In the Description field, enter Office supplies.
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In the Credit field, enter $10,000.
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Note that Offset account was filled automatically with main account 606300.
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Select Functions > Breakdown of voucher from the lines header, not the Action pane.
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In the Sales tax group field, select CA.
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In the Item sales tax group field, select AU/VI.
Note that the amount in the Amounts include sales tax column and the amount in the Sales tax amount column are changed.
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In the Amount excl. sales tax field, enter 7,000.
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Navigate to the lower part of the page. In the Debit field, enter 7,000.
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Select New in the Action Pane to create a new line in the upper part of the page.
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In the Sales tax group field, select CALA.
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In the Item sales tax group field, select AU/VI.
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Navigate to the lower part of the page and select Add to add a line in the lower part.
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In the Ledger account field, enter 606300-001—-.
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Select Save in the Action Pane.
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The Update button is available after saving the data. Select Update in the Action Pane.
Note that the original line is reversed and two new lines are created according to the breakdown of the voucher.
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Scroll to the right to review the Sales tax groups.
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Select Post in the Action Pane.
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After the message “Operation completed” appears, close the form.