Note
Access to this page requires authorization. You can try signing in or changing directories.
Access to this page requires authorization. You can try changing directories.
This article explains how to do tax settlement rounding that is based on customized currency decimal places.
Requirements
Before you can use the Tax settlement rounding based on the customized currency decimal places feature, your version of Microsoft Dynamics 365 Finance should be at least 10.0.23.
Background
Because of the high value of the currency in Gulf countries/regions, the amount data type is usually extended to three, four, or even more decimal places. (For information, see Extending decimal point precision for selected data types.) The tax settlement functionality at Tax > Declarations > Sales tax > Settle and post sales tax must use the same precision for rounding. If the tax settlement doesn't use the same rounding precision as the customized currency, the tax settlement loses the accuracy of the amount. This loss causes a voucher imbalance.
Functionality
Enable this feature when you have customized decimal places For example, enable it if you've extended the amount data type to three or more decimal places. Tax settlements can use the same rounding precision. You can set the Round-off field to the corresponding precision when you configure sales tax authorities in the Tax module.
]