Leo
Please see the information
Posting layer in transactions Posting layer for fixed asset transactions utilizes the functionality of General ledger to post into three different layers.
Three posting layers can be used: Current, Operations, and Tax.
Current is the default layer and is used like Operations for entry of transactions, which are a part of the periodic financial reporting.
The layer Tax is meant to be used for transactions, which are not a part of the external or internal reporting, but for recording of special tax transactions, for example, as tax depreciation for fixed assets.
For the same fixed asset, tax depreciation often differs from the depreciation, which is calculated for accounting purposes.
For tax purposes, companies usually wish to calculate and post the highest possible depreciation in order to reduce their tax payments as much as possible.
For accounting purposes, there will be a different basis for depreciation calculation because the company has to follow accounting laws and accounting standards, which in many countries, are based on principles different from the tax rules.
The depreciation and the fixed asset value for accounting purposes and for tax purposes will very often be different even for the same fixed asset and the same period. Therefore, both have to be calculated, but only accounting amounts have to be included into accounting reporting and only tax amounts into tax reporting.
One of the options to achieve this is to set up the posting layer for value models, used for accounting purposes as Current or Operations, and the posting layer for value models used for tax purposes as Tax.
A different solution could be to set up special ledger accounts for tax transactions and place those accounts at the end of the chart of accounts with account numbers, which clearly differ from account numbers used for usual accounting transactions.
As for posting of transactions with the posting layer Current, Operations, and Tax, it is important to emphasize that normally only one posting layer can be posted in one journal.
The reason is that each journal name is defined with a posting layer. It is not possible to alter the posting layer for journal lines. Thus, for each posting layer, at least one journal name has to be created. This is done in General ledger, Setup, Journals, Journal names, tab page General, field Posting layer.
When a journal is used for transaction entry, the posting layer can be viewed on tab page General, but not altered. Therefore, each journal will only contain transactions for the same posting layer.
The only exceptions are transactions posted with setup of derived value models. In this case the derived value model can be of a different posting layer than the primary value model. This is not due to the journal, but to the special functionality of derived value models.
Thanks
Somnath Jana
India
leolql2003 <[EMAIL PROTECTED]> wrote:
Hi, all,
In Axapta 3.0, each account has three posting layers. They are
Current, Operations and Tax. Meanwhile, I can find 6 fields
corresponding to these 3 layers in the table LedgerBalancesTrans.
They are DebitMST, CreditMST, DebitOPRMST, CreditOPRMST, DebitTaxMST
and CreditTaxMST.
When I get the account balance in the form chart of accounts, Axapta
will return different balance for different posting layer according
to the balance setup in Genernal ledger/Chart of
Accounts/Balance/Setup.
And I am confused with the account balance for the 3 posting layers.
So I raised 4 questions about it as follow and hope someone can give
me some directions. Thanks in advance.
1. What are the 3 posting layers (Current, Operations and Tax) used
for? What is the purpose of the posting layers concept in Axapta?
2. Which layer will be the amount posted to, when posting an invoice
in sales order or purchase order.
3. What layers account balance will be printed out when I print out
a finacial statement and trial balance report?
4¡¢Can I increass or decrease one or more posting layers in the
system myself?
Best Regards
Leo
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Sharing the knowledge on Axapta.
Visit www.frappr.com/axapta for axapta friends.
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| Business finance consultant | Business finance magazine | Business finance schools |
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