Learn the best practices for setting up ledger posting groups for sales tax in Microsoft Dynamics 365 Business Central. Ensure accurate tax calculations and avoid common mistakes with this essential guide for MB-800 certification success!
Table of Contents
Question
Your company needs to ensure that sales tax is calculated correctly for each transaction.
You need to set up the system to handle different sales tax scenarios for transactions.
What should you do?
A. Use a single ledger posting group for all types of transactions regardless of the sales tax scenario.
B. Set up individual ledger posting groups for each sales tax code or use one ledger posting group for all sales tax codes.
C. Manually calculate and post sales tax for each transaction without setting up ledger posting groups.
D. Assign multiple ledger posting groups to a single sales tax code to diversify tax postings.
Answer
B. Set up individual ledger posting groups for each sales tax code or use one ledger posting group for all sales tax codes.
Explanation
Setting up individual ledger posting groups for each sales tax code or using one ledger posting group for all sales tax codes allows for accurate calculation and posting of sales tax. Using a single group for all transactions or manually calculating tax would not utilize the system’s capabilities effectively. Assigning multiple groups to a single tax code could lead to confusion and errors in tax postings.
Microsoft Dynamics 365 Business Central Functional Consultant MB-800 certification exam assessment practice question and answer (Q&A) dump including multiple choice questions (MCQ) and objective type questions, with detail explanation and reference available free, helpful to pass the Microsoft Dynamics 365 Business Central Functional Consultant MB-800 exam and earn Microsoft Dynamics 365 Business Central Functional Consultant MB-800 certification.