How to Setup Tax Accounting Period for TDS in D365 BC

Setup Tax Accounting Period for TDS in D365 BC:

(1) In this article we will get to know about the “Tax Accounting Period” for TDS setup in Microsoft Business Central D365. It is used when we want to close or ending the fiscal year. Without this setup, the system does not allow posting transactions.

(2) Now let’s see, how to create a Tax Accounting Period for TDS in Business Central D365. Go to the search bar and type “Tax Type”, as shown.

search tax type in bc d365

(3) After selecting, the Tax Accounting Period page opens, ss shown.

select TDS in tax account period in business central

(4) In this blog we will set up the Tax accounting Period for TDS, so Select the TDS line and double-click on it to open its card, as shown.

TDS Deduction at source card open in d365 bc

(5) Afterward, go to the “Accounting Period” field and open the Accounting Period List, as shown.

select tds in Accounting Period field in d365 bc

(6) After opening the list, select the TDS/TCS code and press the assist button, as shown.

select the TDS code and press the assist button in d365 bc

(7) After doing the above step, the Accounting Period Setup page opens, as shown.

Accounting Period Setup page open for tds

(8) Now, Press the “Create” button, and a popup window opens, Enter the information, and press the “Ok” button, as shown.

TDS pop up window open in d365 bc
  • Tax Type → Specifies the tax type for the accounting period from the drop-down list.
  • Starting Date → Specifies the date from which the report or batch job processes information.
  • No. of Periods → Specifies how many accounting periods to include.
  • Period Length → Specifies the period for which data is shown in the report. For example, enter “1M” for one month, “30D” for thirty days, “3Q” for three quarters, or “5Y” for five years.

(9) After filling in the above information, Tax Accounting Setup for TDS is created, as shown.

Tax accounting Period for TDS Created in d365 bc

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