This topic describes how you set up the VAT rate change tool and corresponding new posting groups before you perform VAT rate conversions.

To set up the VAT rate change tool

  1. In the Search box, enter VAT Rate Change Setup, and then choose the related link.

  2. On the Master Data, Journals, and Documents FastTabs, select a posting group value from the option list for needed fields.

    The following table describes the options that you can select for a field.

    Option Description

    No

    The selected field will not be updated.

    VAT Product Posting Group

    The selected field will be updated by the VAT product posting group conversion.

    Gen. Prod. Posting Group

    The selected field will be updated by the general product posting group conversion.

    Both

    The selected field will be updated by the both the VAT and the general product posting group conversions.

  3. Choose the OK button.

To set up product posting group conversion

  1. In the Search box, enter VAT Rate Change Setup, and then choose the related link.

  2. In the VAT Rate Change Setup window, on the Home tab, in the Process group, choose either VAT Prod. Posting Group Conv. or Gen Prod. Posting Group Conv..

  3. In the From Code field, enter the current posting group.

  4. In the To Code field, enter the new posting group.

  5. Choose the OK button.

Tip

See Also