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Create customer and vendor records with an address in Bolivia

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The Bolivian customer and vendor configuration contains the fiscal information that the fiscal authorities require. It also contains a reference to the document classes that can be used in transactions with customers and vendors.

Prerequisites

Before you create records for customers and vendors who are located in Bolivia, the following setup must be completed:

  • Configure address formats that are specific to Bolivia. The address formats must use the structure country, state, county, and so on. Learn more in Address setup.
  • Create the tax codes to use for value-added tax (VAT), including VAT 13% and VAT 0%. Learn more in Sales tax calculation methods in the Origin field.
  • Create sales tax groups that contain the tax codes that were created.
  • Create item sales tax groups that contain the tax codes that were created.
  • Create document classes to use with documents such as customer and vendor invoices, credit notes, debit notes, and packing slips. Learn more in Configure sales and purchase invoices for Bolivia.
  • Create a customer and vendor set that contains all the document classes that will be used.
  • Create a tax ID for each type of tax identification that your customers and vendors have.
  • Create a taxpayer type for each type of taxpayer that your customers and vendors have.

Create a record for a customer in Bolivia

To create a record for a customer in Bolivia, follow these steps.

  1. Go to Accounts receivable > Customers > All customers, and select New.

  2. In the Type field, select Organization for Persona Juridica or Person for Persona natural.

  3. In the Customer group field, select a local group.

  4. In the Address section, select New, and enter a name for the address.

  5. In the Country/region field, select Bolivia.

  6. Enter the street and street number.

  7. Select a state/province.

  8. Mark the address as primary.

  9. In the Contact information section, select New to create a record for the company's phone number.

  10. In the Sales demographic section, set the currency to BOB (legal currency).

  11. Configure the terms of payments and the invoice account.

  12. Set the delivery terms, mode of delivery, and delivery reason.

  13. Select a sales tax group that contains all the tax codes that can have transactions with this customer.

  14. In the LATAM section, enter the following information:

    • In the Customer set field, select a set that contains the document classes to use with the customer.
    • In the Taxpayer type field, select a taxpayer that represents an organization.
    • In the Based in country/region field, select Bolivia.
    • In the Country document type field, select a tax ID type. For example, select NIT (Unique Taxpayer Registry).
    • Complete the Country document number field with the customer's tax ID number.

Note

This procedure describes the main settings that are required for localization. You can set other fields that are required for other Microsoft Dynamics 365 Finance features that you must use.

Create a record for a vendor in Bolivia

To create a record for a vendor in Bolivia, follow these steps.

  1. Go to Accounts payable > Vendors > All vendors, and select New.

  2. In the Type field, select Organization for Persona juridica or Person for Persona natural.

  3. In the Vendor group field, select a local group.

  4. In the Address section, select New, and enter a name for the address.

  5. In the Country/region field, select Bolivia.

  6. Enter the street and street number.

  7. Select a state/province.

  8. Mark the address as primary.

  9. In the Contact information section, select New to create a record for the company's phone number.

  10. In the Sales demographic section, set the currency to BOB (legal currency).

  11. Configure the terms of payments and the invoice account.

  12. Set the delivery terms, mode of delivery, and delivery reason.

  13. Select a sales tax group that contains all the tax codes that can have transactions with this vendor.

  14. In the LATAM section, enter the following information:

    • In the Vendor set field, select a set that contains the document classes to use with the vendor.
    • In the Taxpayer type field, select a taxpayer that represents the organization.
    • In the Based in country/region field, select Bolivia.
    • In the Country document type field, select a tax ID type. For example, select NIT.
    • Complete the Country document number field with the vendor's tax ID number.

Note

This procedure describes the main settings that are required for localization. You can set other fields that are required for other Dynamics 365 Finance features that you must use.