F335 Financials: Advanced | Value-Added Taxes 6.0

Home Course Catalog Financials F335 Financials: Advanced | Value-Added Taxes 6.0

What's new in this course

Course Resource Updates
Please note, instructional materials are updated to Acumatica 6.0.

For instructor-led sessions, Acumatica 5.3 was used. We will update sessions as soon as new online training sessions will be conducted on a base of Acumatica 6.0.

The course has been updated as follows:

  • The guide has been updated for Version 6.0 of Acumatica ERP.
  • The Consolidate Posting to GL feature has been replaced by the Generate Consolidated Batches check box, which is located on the General Ledger Preferences (GL102000) form.
  • New diagrams that illustrate the process of accumulating taxes in tax reports have been added to Lesson 1 and Lesson 9.
  • Lesson 3 has been updated with a new example of processing and the partial reversal of a taxable cash entry.
  • Lesson 5 has been updated with a new example that illustrates how to create report revisions.
  • Lesson 11 has been updated with a new example that illustrates how to process a sales order with taxable freight charges.
  • A new lesson, Lesson 16 (Adjusting VAT for Early Payments), has been added to Part 3. This lesson explains how to adjust VAT on invoices paid during the cash discount period.
  • A new lesson, Lesson 17 (Selecting Tax Calculation Methods), has been added to Part 3. This lesson explains which calculation rules you can define for the created value-added taxes, and how you can enter documents with tax exclusive or tax-inclusive prices.
  • Step 4 of Lesson 18 has been updated. Now, this step explains how to perform the recognition of pending VAT amounts based on payments that have been applied to the document.
  • Minor corrections, improvements, and updates have been made throughout the guide.

The Financials: Advanced | Value-Added Taxes course will walk you through the configuration and use of the Taxes module for maintaining VAT taxes.

Through the step-by-step examples provided in the guide, you will learn how to perform the following tasks in Acumatica ERP:

  • Configuring a tax agency account
  • Creating tax zones and categories
  • Configuring a tax report for the tax agency
  • Creating VATs
  • Processing taxable documents
  • Paying taxes directly to the tax agency
  • Preparing a tax report for the period
  • Reconciling a tax report with the General Ledger module
  • Releasing a tax report and closing tax period
  • Creating withholding taxes
  • Creating taxable General Ledger transactions
  • Configuring VAT variations