Re: [sap-acct] Restrict input tax for input only
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 | Posted by VidhyaDhar (User-friendly SAP FI Consultant) on May 23 at 12:19 AM |  Mark as helpful |
Hi dabjose
You are right....It is a herculean task trying to set tax related indicators
in each G L account when you you have to work with a multitude of GL
accounts. But in reality GL accounts are always pre-existing in a legacy
system and a new SAP implementation looks for methods to upload these
pre-existing GL master records from the legacy system into SAP. Just make
sure the eisting GL codes are well defined with correct tax settings to
confirm a correct upload of GL accounts into SAP.
Regards
VidhyaDhar
On Sun, May 23, 2010 at 1:11 AM, dabjose via sap-acct <
sap-acct@groups.ittoolbox.com> wrote:
> Posted by dabjose
> on May 22 at 3:38 PM
> Great responses. Thanks everyone. VidhyaDhar and Paul Bastone nailed it
> right. I think that is the only way to proceed. But also wondering we(should
> be the case with every implementation) have a boatload of expense/revenue
> accounts. Setting the type of tax code each account is supposed to have is a
> big task. Wondering if it is a normal approach.
> Responses appreciated.
> Thanks.
>
>
> ---------------Original Message---------------
> From: dabjose
> Sent: Friday, May 21, 2010 10:07 AM
> Subject: Restrict input tax for input only
>
> > Hello folks,
> > Wondering a way to restrict input tax codes to vendor invoices only to
> prevent accidental use in customer invoice. I tried to set the g/l account
> for the input tax code to have tax category "<" to categorize
> the tax account as "Input Tax Account", but that does not prevent
> invoicing customers with the same tax code.
> > Help greatly appreciated.
> > Thanks.
__.____._ You are right....It is a herculean task trying to set tax related indicators
in each G L account when you you have to work with a multitude of GL
accounts. But in reality GL accounts are always pre-existing in a legacy
system and a new SAP implementation looks for methods to upload these
pre-existing GL master records from the legacy system into SAP. Just make
sure the eisting GL codes are well defined with correct tax settings to
confirm a correct upload of GL accounts into SAP.
Regards
VidhyaDhar
On Sun, May 23, 2010 at 1:11 AM, dabjose via sap-acct <
sap-acct@groups.ittoolbox.com> wrote:
> Posted by dabjose
> on May 22 at 3:38 PM
> Great responses. Thanks everyone. VidhyaDhar and Paul Bastone nailed it
> right. I think that is the only way to proceed. But also wondering we(should
> be the case with every implementation) have a boatload of expense/revenue
> accounts. Setting the type of tax code each account is supposed to have is a
> big task. Wondering if it is a normal approach.
> Responses appreciated.
> Thanks.
>
>
> ---------------Original Message---------------
> From: dabjose
> Sent: Friday, May 21, 2010 10:07 AM
> Subject: Restrict input tax for input only
>
> > Hello folks,
> > Wondering a way to restrict input tax codes to vendor invoices only to
> prevent accidental use in customer invoice. I tried to set the g/l account
> for the input tax code to have tax category "<" to categorize
> the tax account as "Input Tax Account", but that does not prevent
> invoicing customers with the same tax code.
> > Help greatly appreciated.
> > Thanks.
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VidhyaDharSAP Accounting Helper
Posted helpful replies on 5 threads in a group to earn a Bronze Achievement
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