In detail, the jurisdiction code can be maintained in the following master data: EE. All of these master data items represent the receiver or ship-to jurisdiction codes. In addition, the jurisdiction also has to be maintained in the vendor master data as well to calculate the appropriate use tax rate based on the shipping address of the vendor.
To determine which purchases are relevant for tax, the tax codes need to be maintained in the following master data: EE. All documents are displayed per customer or vendor account and are totaled by tax code and jurisdiction with reference to the tax base and amount.
Value added tax VAT is an indirect tax levied on the added value that results from each exchange of goods and materials.
It differs from a sales tax because a sales tax is levied on the total value of the exchange. For this reason, VAT is neutral with respect to the number of passages between the producer and the final consumer.
Personal end-consumers of products and services cant recover VAT on purchases, but businesses are able to recover VAT on the materials and services that they buy to make further supplies or services directly or indirectly sold to end users. In this way, the total tax levied at each stage in the economic supply chain is a constant fraction of the value added by a business to. VAT is the common form of taxation in most European countries. For example, the following tax procedures are predefined: EE.
Well only cover the tax procedure for France TAXF here because all other European tax procedures work in a similar way. Usually, the tax rates are the same within a country and dont vary by region. However, some countries such as Italy and Spain require regional codes for reporting purposes.
The tax calculation procedure is simpler than the U. In the next step, the tax rates by tax code need to be defined. The description can be changed by clicking on the Properties button as shown in Figure Within this configuration step, the GL accounts also need to be defined by transaction key.
This transaction key or account key is assigned in the definition of the tax calculation procedure as shown previously in Figure The SAP software delivers tax procedures by tax types and country. Cancel invoice Check Cancel Change Display Reprint Void Check lot Check management , Check management authorization Classic payment medium program , Classic Withholding tax , , Company Code 23 Consignment stock Contact person 38 Correspondence 47 Credit memo D Discount , Document parking Document reversal Document type 84, Down payment Down payment clearing Duplicate invoice check , E Enhancements 67, , , , , , , , Enjoy transaction 94, Equivalence number Evaluated receipt settlement 52, Extended Withholding tax , Negative posting 86, Net discount New GL , Non-valuated goods receipt Note to payee Noted items , Number assignment Number range 60, 86, I Incoming payment Incoterms 49 Industry key 33 Information system Interest calculation 41, , Interest calculation Interest indicator Interest on arrears Invoice block Invoice date 89 Invoice entry , , , , Invoice fast entry Invoice overview Invoice parking Invoice receipt date 89 Invoice reduction Invoice release Invoice simulation Invoicing plan P Partial payments Partner functions 53 Payee in document Payment advice , Payment authorization Payment block 45, Payment grouping Payment medium Payment medium form Payment medium workbench , , Payment method Payment method Payment method supplement Payment program Payment proposal , Payment run , Payment term Payment terms 42, 49, Permitted Payee 35, 37, Personnel number 42, 79 Pipeline stock Planned delivery Positive pay Posting date 88 Posting key 89, , Prenotification Prenumbered check Prepayment Price differences Printout Purchase order text Purchasing data 48 Purchasing Organization U Unplanned delivery Use tax User defined layout 11 User roles , User-defined fields User-exit 68, 79, , , , , Vendor address 37, 46 Vendor authorization Vendor clearing Vendor line items Vendor master data 23 Block 65 Change 63 Configure 55 Create Open navigation menu.
Close suggestions Search Search. User Settings. Skip carousel. Carousel Previous. Carousel Next. What is Scribd? Explore Ebooks. Bestsellers Editors' Picks All Ebooks. Explore Audiobooks. Bestsellers Editors' Picks All audiobooks.
Explore Magazines. Editors' Picks All magazines. Explore Podcasts All podcasts. Difficulty Beginner Intermediate Advanced. Explore Documents. Uploaded by scamardela Did you find this document useful? Is this content inappropriate? Report this Document. Flag for inappropriate content. Download now. Related titles. Carousel Previous Carousel Next. Jump to Page. Search inside document. The intention of this chapter isnt to give a detailed view of the tax configuration details by country but rather to give a comprehensive overview of two common tax concepts: EE Use tax in the United States EE VAT tax in Europe In this way, the total tax levied at each stage in the economic supply chain is a constant fraction of the value added by a business to www.
Basic Settings Sap Strive Sap. Md Ikramullah. Ngoc Hong. Amarnath Panda. Gulzar Ghosh. Venkatesh Babu. This approach makes configuration complexities manageable. He also provides sound and tested procedures that ensure your implementation works without error.
It incorporates a hands-on approach, with hundreds of screen shots and practical examples, that allows a person without prior configuration training to make SAP FICO ready for use in the enterprise.
And as an accountant, Okungbowa understands the needs of end users as well as of those answering to the CIO. Author : V. This book has no competition? Updated for SAP? Best-run businesses drive clarity into their organizations by gaining insight for improved performance, efficiency for optimized operations, and flexibility to adapt quickly to changing circumstances.
Like best-run businesses, best-run IT organizations are able to optimize operations, maximize innovation, and adjust rapidly to evolving business needs. Their IT management solutions help them better understand themselves and their customers and make the best decisions in the face of challenging expectations and constraints. It will help orient you to our related solutions and provide you with ideas for driving clarity and business value in your IT organization.
With an OverDrive account, you can save your favorite libraries for at-a-glance information about availability. Find out more about OverDrive accounts. Martin Ullmann. Galileo Press. This book will provide you with comprehensive information you need to get the most out of Accounts Payable, whatever your role: implementation teams will benefit from the comprehensive coverage of functional configuration; executive staff will benefit from the coverage of business processes, best practices, and enhancements; functional and technical teams will benefit from the coverage of enhancements and integrating AP with other SAP services like BTE and BAPI; and end users will benefit from the detailed descriptions of the functions.
0コメント