Tip of the Day: In Microsoft D365 Finance and Supply Change (D365 F&SC), did you know there is a built-in tax engine? The beauty of the tax engine is #1 it's free (there's no additional Microsoft cost), #2 the person doing Purchasing, Sales, or Transfer Orders doesn't need to be concerned with the tax codes. The tax engine will auto-populate the needed codes based on the setup tax rules.
To advance your consulting skills, let me share my Microsoft Dynamics D365 F&SC expertise with you by signing for my post notifications atwww.intraclouddynamics.com or www.aliciakeener.com or subscribe to my YouTube Channel @aliciakeener6544
#microsoftdynamics365 #d365fo #d365 #dynamics365 #microsoft #intraclouddynamics #d365fscexpert #aliciakeener #tax #taxengine
Key things to note about the tax engine:
· Is installed in Life Cycle Services (LCS)
· Is part of Regulatory Configuration Service (RCS)
· Will only work on Tier 2 or higher
· Has no additional licensing cost
Setup RCS Server
Sign Up
#2 – Click Get Started
#3 – Invite people – don’t invite anyone. . .add users later
#4 – Login
#5 – Where the RCS server will live
Regulatory Configuration Services
In RCS, enable these Features:
To access the Tax configuration, go to Globalization Features.
Under Tax codes and groups, setup the tax codes, tax rates, tax groups, and item tax groups.
Under Tax jurisdiction group, setup and rules that apply to specific tax jurisdictions.
Under Applicability rules, setup the tax rules that apply to each of the business processes.
In D365, turn these Features on. . .
To connect D365, go to Tax > Setup > Tax configuration > Tax calculation parameters > set Enable tax calculation service = Yes
Note: The environment must be a Tier 2 or higher. If Enable tax calculation service = Yes, and it is not a Tier 2 or higher environment you will get an error when trying to process Purchase Orders and Sales Orders. For example, if you copy PROD data to DEV, you must set Enable tax calculation service = No or you will get errors.
Select the Feature setup name and Feature setup version from RCS that you want to use.
Select the Business processes that you want to use RCS for. This gives you the flexibility to use RCS for Sales but use standard D365 Tax setup for Purchasing, as an example.
When you look at the Tax setup in D365, you can see that the data came over from RSC by looking at the Source field.
Kommentarer