(IND) Set up accounts for posting tax adjustments
Important
This content is archived and is not being updated. For the latest documentation, see Microsoft Dynamics 365 product documentation. For the latest release plans, see Dynamics 365 and Microsoft Power Platform release plans.
Applies To: Microsoft Dynamics AX 2012 R3, Microsoft Dynamics AX 2012 R2
Note
This topic has not been fully updated for Microsoft Dynamics AX 2012 R2.
When you run the tax settlement process, the tax amounts that are adjusted are posted to the ledger accounts that you define in the Accounts for automatic transactions form. The amounts are temporarily posted to the system accounts before they are finally posted to the main accounts in your chart of accounts.
Click General ledger > Setup > Posting > Accounts for automatic transactions.
Press CTRL+N to create a new posting type for the tax amounts that are adjusted.
In the Posting type field, select Tax adjustment – Settlement.
In the Main account field, select the main account to temporarily post the tax adjustment amount to.
Note
You must define an account in the Chart of accounts form to post the tax adjustment amount.