Gaining the option to process taxes in general ledger

There are times when companies need to process sales or use tax transactions through the general ledger rather than through a subledger such as Sales or Purchasing. Perhaps tax was incorrectly calculated or omitted on the original transaction, which is sometimes a requirement for international implementations. It's also possible that a company uses another system to feed the general ledger in Dynamics GP. For example, in one company I worked for we used a specialized accounts receivable application that was designed for our industry. Data from that application was integrated with Dynamics GP and all other transactions ran through Dynamics GP directly. This can lead to the need to process tax transactions through the GL.

Dynamics GP includes options to calculate and process taxes directly through the general ledger and that is the focus of this recipe.

Getting ready

Prior to processing tax transactions via the general ledger, this feature...