Dynamics 365 for Finance and Operation · Split Payments is part of counteracting tax abuse in...
Transcript of Dynamics 365 for Finance and Operation · Split Payments is part of counteracting tax abuse in...
AMC Consult A/S 04/03/2020 Version 1.2
SPLIT PAYMENT IN
POLAND MANUAL Dynamics 365
for Finance and Operation
English edition
2
CONTENTS 1 Introduction...................................................................................................................................3
2 What is split payment in Poland....................................................................................................4
2.1 Example: ................................................................................................................................4
3 How to setup a bank / Bank format ..............................................................................................5
3.1 New customer: ......................................................................................................................5
3.2 Existing customers: ................................................................................................................5
4 Preconditions ................................................................................................................................6
5 Create a payment ..........................................................................................................................8
5.1 Create payment from payment proposal ..............................................................................8
5.2 Create manual payment ........................................................................................................9
6 Post “Split payments”................................................................................................................. 11
6.1 Outgoing payment .............................................................................................................. 11
6.2 Incoming payments ............................................................................................................ 12
7 Document changes ..................................................................................................................... 13
3
1 INTRODUCTION
This document will present how to use the AMCBanking module to generate a payment file in the
"Split Payment" mode for banks in Poland.
Split Payment is supported on newest AMC Banking module with XTendLink solution above B226
version
ERP Solution AMC Banking version XTendLink
AX 2012 2012.6.1.0 and above
B226 and above Dynamics 365
for Finance and Operations 365.4.2.0 (7.4.2.0) and above
Best regards
AMC-Consult A/S
4
2 WHAT IS SPLIT PAYMENT IN POLAND Split Payments is part of counteracting tax abuse in Poland. Split Payment becomes effective at the
1st of July 2018. All banks in Poland open additional VAT Accounts to the companies.
Spit Payment mechanism works automatically if the payment includes a special payment type. Each
payment for goods or services are split into net amount and VAT amount where net amount is
booked on the supplier’s Current Account and VAT amount – on the supplier’s VAT Account
Split Payment apples for PLN transactions only. This method works only for B2B transactions. This
method can be used selectively (per supplier/ per invoice).
This method does not allow to send collected payment (multiple invoices). Send can pay to supplier
y one invoice in one payment.
2.1 EXAMPLE:
Customer is going to pay for the invoice PLN 123 (including VAT tax PLN 23)
• In Split Payment, the payer must always provide two amounts: full amount and VAT amount
• If there are insufficient funds on VAT account to pay the tax amount, the missing amount
will debit the Corporate Account.
VAT Account:
Corporate Account:Debit - 23 PLN
VAT Account:Credit + 23 PLN
Incoming split payment 123 PLN
Corporate Account: Credit +123 PLN
Clearing house
Corporate Account
Debit -123 PLN
Outgoing Split payment 123 PLN
VAT Account:
Debit -23 PLN
Corporate Accoount
Credit + 23 PLN
5
3 HOW TO SETUP A BANK / BANK FORMAT
AMC consult prepare all Polish existing format to support Split Payment in Poland.
List of supported banks in Poland and payment types can be a check on our website:
https://amcbanking.com/banks
3.1 NEW CUSTOMER:
IF You are a new customer, please follow the user guide to learn how to setup banks and bank format:
To access documentation, please click here.
3.2 EXISTING CUSTOMERS:
If You are the customer who using AMC Banking already, please update bank list to see new payment
types.
Go to SETUP -> BANKS -> BANKS -> SELECT BANKS -> UPDATE BANKS
6
4 PRECONDITIONS
Split Payment in Poland must contain several references in the advice file, therefore payment journal
lines need to include this data.
/VAT/23,00/IDC/1234567890/INV/FV-123/TXT/FREE_TEXT
Payment advice example
Mandatory variables:
1. VAT amount
2. Tax Id number ( NIP in Poland)
3. Invoice Number
All this data are collected during sing in invoice into ERP system. Each line in AMC Payment journal
needs to contain ONLY one invoice number.
Thanks to this, the system can create a valid payment line to the bank.
• TAX ID is added to into each Vendor on Vendor card
7
• Invoice Number and VAT amount AMC Banking will be included to the payment from the
individual invoice line.
8
5 CREATE A PAYMENT
5.1 CREATE PAYMENT FROM PAYMENT PROPOSAL
Precondition:
Split payment type cannot send multiple invoice in one payment line. To avoid accumulation of the
invoice in one line, change the vendor setup- Payment accumulation: Override: Yes, None
Then while creating a payment, even if the user chooses”Payment accumulation: due date” in
payment proposal, for Vendors which should send payment by Split payment type, the system will
not collect invoices.
Create split payment in AMC Banking has no different than standard creates payments process.
If there is needed to send payment as Split Payment, please change ”Domestic split payment”
payment type.
9
In Payment Journal lines for each individual line, payment type can be changed.
After using ”Transfer” button system will validate if all mandatory field is field properly.
Is validation will succeed system will generate payment file with special advice, i.e:
VAT/23,00/IDC/5421234565/INV/FV-PL123-2019/TXT/free text
If You wish to understand more about how to create a payment, please follow AMC User Guide for
Dynamics 365 Finance and Operation.
To access documentation, please click here.
5.2 CREATE MANUAL PAYMENT
If Payment accumulation setup is setup for YES and system automatically collects multiple invoices
into the line, the user can create a manual payment to avoid this situation.
1. Create ”New” payment journal header. Select Bank which supports Split Payment in Poland
10
2. Choose ADD -> Manual Payments
3. Fill mandatory fields: Account Number, Currency = PLN, Own Bank Account
4. Choose ”Domestic split payment” payment type
5. Add only one invoice into the settlement
6. ”Transfer” the journal.
11
6 POST “SPLIT PAYMENTS”
6.1 OUTGOING PAYMENT
Whenever an outgoing split payment is created bank the system automatically draws VAT funds (if
it does not have the full amount, maximal as much as it can) and transfers it to the main account.
From the VAT account perspective, the transaction will appear as a debit payment to the main
account.
From the perspective of the main account - the account's crediting transaction will appear in your
bank account as revenue (credit payment).
Proceed and post this incoming payment as a normal internal / intercompany transfer.
The outgoing transfer from the main account in the "Split Payment" mode will be a full middle
transfer, i.e. an invoice. Technically, it will not be different from a regular outgoing transfer, therefore
you should follow the general rules.
Main Account Posting Journal:
Outgoing Split Payment 123,00 PLN
VAT Account
-23 PLN to main account
as Internal transfer
Main account
+23 PLN from VAT Account
-123 PLN to Vendor Account
12
6.2 INCOMING PAYMENTS
When the customer is paying in “Split Payment” mode, the bank collecting payment with the full
amount.
All Split Payments transfers include the invoice number in payment advice. Thanks to that AMC
Banking should match a payment as HIGH (if the transaction is open and the amount is fully covered).
The bank system will also automatically transfer VAT funds and transfers them to the VAT account.
From the perspective of the main account – VAT automatic transaction will appear in your bank
account as debit payment.
From the VAT account perspective, the transaction will appear as a credit payment to the main
account.
Proceed and post this incoming payment as a normal internal / intercompany transfer.
Main Account Posting Journal:
Incoming Split Payment 123,00 PLN
Main account
+123 PLN as Customer Payment
-23 PLN to VAT Account
VAT Account
+23 PLN from main account
as Internal transfer
13
7 DOCUMENT CHANGES
Code Vers. By Definition
First 1.0 PK
Connections in a text 1.1 PK
Change TaxID precondition
1.2 PK