Sales Order Line Fields for Sales Tax Calculation
Question
You work as the Finance Manager for a company.The company uses Microsoft Dynamics 365 Finance for its accounting system.
You need to ensure that when creating sales orders, the sales tax is automatically calculated when an item is added to a sales order line.
Which two of the following fields must be populated in the sales order line to ensure the sales tax is calculated? (Choose two).
Answers
Explanations
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A. B. C. D.BC.
To ensure that the sales tax is automatically calculated when an item is added to a sales order line in Microsoft Dynamics 365 Finance, the following two fields must be populated in the sales order line:
Item sales tax group: This field specifies the tax group to which the item belongs. The tax group determines the sales tax code that is used to calculate the sales tax for the item. Each item can be associated with a specific tax group, which can then be used to determine the appropriate sales tax for the item.
Customer sales tax group: This field specifies the tax group to which the customer belongs. The tax group determines the sales tax code that is used to calculate the sales tax for the customer. Each customer can be associated with a specific tax group, which can then be used to determine the appropriate sales tax for the customer.
In summary, the item sales tax group and the customer sales tax group are the two fields that must be populated in the sales order line to ensure that the sales tax is automatically calculated when an item is added to a sales order line. These fields are used to determine the appropriate sales tax code for the item and the customer, which is then used to calculate the sales tax for the sales order line.
