In Microsoft Dynamics 365 for Finance and Operations, sales tax is a separate module. Sales tax is integrated with general ledger, accounts payable, accounts receivables, and inventory management:
- The tax module is the place to set up sales tax calculations, tax authorities, and settlement periods. The general ledger is the place to set up sales tax controls and mechanisms that configure tax deduction options.
- The accounts payable module is the place to set up sales tax options and execute vendor transactions (invoices and payments).
- The accounts receivable module is the place to set up sales tax options and execute customer transactions (invoices and payments).
- The inventory management module is the place to ...
