Summary
In this chapter, we discussed the sales tax business process with generated financial entries in Microsoft Dynamics 365 for Finance and Operations. Then, we moved on to illustrate the integration between the sales tax submodule and other modules. In addition to this, we covered the sales tax configurations, setup, transactions, and financial entries. We also explored conditional sales tax setup and transactions, and at the end of the chapter, covered the withholding tax setup and sales tax declaration.
In the next chapter, we will cover multi-currency applicabilities in Microsoft Dynamics 365 for Finance and Operations. We will then move to multi-currencies in action and revaluation mechanism.
