Create customer and vendor records with an address in Venezuela

The Venezuelan customer and vendor configuration contains the fiscal information that is required by the fiscal authorities. It also includes 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 in Venezuela, the following setup must be completed:

• Set up address formats that are specific to Venezuela. These formats must use Venezuela as the country and states/provinces for provinces.
• Create tax codes to use for value-added tax (VAT), including VAT 16%, VAT 8%, VAT 31%, and VAT 0%.
• Create tax codes to use for income and VAT withholding taxes on invoices, credit notes, and debit notes.
• Set up sales tax groups that contain the tax codes that you created.
• Set up item sales tax groups that contain the tax codes that you created.
• Create document classes to use with customer and vendor documents such as invoices, credit notes, debit notes, and packing slips. Learn more in Configure sales and purchase invoices for Venezuela.
• Set up a customer and vendor set that contains all the document classes that will be used.
• Set up a tax ID for each type of tax identification that your customers and vendors have.
• Set up a taxpayer type for each type of taxpayer that your customers and vendors have.

Create a record for a customer in Venezuela

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

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

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

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

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

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

6. Enter the street and street number.

7. Select a state/province.

8. Mark the address as primary.

9. To create a record for the company phone number, in the Contact information section, select New.

10. In the Sales demographic section, set the currency to VES (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 Venezuela.
    • In the Country document type field, select a tax ID type. For example, select RIF-J (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 Venezuela

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

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

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

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

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

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

6. Enter the street and street number.

7. Select a state/province.

8. Mark the address as primary.

9. To create a record for the company phone number, in the Contact information section, select New.

10. In the Sales demographic section, set the currency to VES (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 Venezuela.
    • In the Country document type field, select a tax ID type. For example, select RIF-J (Unique Taxpayer Registry).
    • 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 Finance features that you must use.