With the release of Microsoft Dynamics GP 2016 R2 it’s time for a series of “hands on” posts where I go through the installation of all of it’s components and also look at the new functionality introduced; the index for this series can be found here.
The thirteenth Feature of the Day I am going “hands on” with is POP to FA Link to Include Taxes.
This feature will be popular with some of our clients who deal with non-recoeverable VAT (VAT is a UK sales tax charged at a standard rate of 20%) as non-rec VAT means they would need to depreciate the gross value of the asset including VAT where in previous versions the asset would be created net and need to be amended.
To use this feature, the Include Tax in Acquisition Cost checkbox on the Fixed Assets Company Setup window () under the Purchasing Options:
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