Hands On With Microsoft Dynamics GP 2016 R2: POP To FA Link Includes Taxes

Microsoft Dynamics GPWith 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 (Financial >> Setup >> Fixed Assets >> Company) under the Purchasing Options:

Fixed Assets Company 	Setup

When a Receivings Transaction is entered (Purchasing >> Transactions >> Receivings Transaction Entry), the Include Tax in Acquisition Cost checkbox on the FA POP Additional Information window will be marked by default:

FA POP Additional Information

On the above screenshot the Extended Cost and Calculated Tax fields give a combined value of $8560, which is the value shown when the new fixed asset is created in the Fixed Asset General window (Financial >> Cards >> Fixed Assets >> General):

Asset Purchase

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