Re: [sap-acct] Restrict input tax for input only
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 | Posted by VidhyaDhar (User-friendly SAP FI Consultant) on May 22 at 11:28 PM |  Mark as helpful |
Hi Paul
All along I was under the impression that G L master accounts can be of
three categories:
Tax accounts
Tax Attracting accounts and
Accounts which do not attract tax.
There is probably one more category which may / may not attract tax.
Pegging a G L account as tax attracting ( with more specific mention about
whether input and / output tax is/are allowed - with more specific pegging
of the account with a specific tax with tax rate specified in some cases) ,
I thought, is possible.
Exercising proper care while mastering the related GL Accounts , I thought,
can be of help in filtering out unwanted tax codes intervening during
document posting.
This function, I thought, could further be enhanced by configuring some
default values to appear in the tax related drop down combo box appearing
during document posting.
Please correct me if I am wrong.
Regards
VidhyaDhar
On Sat, May 22, 2010 at 11:14 PM, Paul Bastone via sap-acct <
sap-acct@groups.ittoolbox.com> wrote:
> Posted by Paul Bastone(Senior FI consultant)
> on May 22 at 1:41 PM
> Wrong!!!
>
> The use of tax codes is related to indicators set in General Ledger
> accounts. For example, a cost account will normally have an indicator saying
> it expects an input tax code and a sales account will normally have an
> indicator saying it expects an output tax code.
>
> Paul
>
>
> From: sbarmecha via sap-acct <sap-acct@Groups.ITtoolbox.com>
> To: Paul Bastone <paulbastone@yahoo.com>
> Sent: Fri, 21 May, 2010 22:39:55
> Subject: Re: [sap-acct] Restrict input tax for input only
>
> Posted by sbarmecha (SAP FICO Consultant)
> on May 21 at 4:37 PM Mark as helpful
>
> Hi
>
> When we define tax code in FTXP we define that tax code as input tax code
> or
> output tax code.
> SAP has built in validation for using input tax code for vendors and output
>
> tax code for customers.
>
> Regards
> Sushil
>
> On Fri, May 21, 2010 at 10:04 AM, dabjose via sap-acct <
> sap-acct@groups.ittoolbox.com> wrote:
>
> > Posted by dabjose
> > on May 21 at 10:03 AM
> > 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.
__.____._ All along I was under the impression that G L master accounts can be of
three categories:
Tax accounts
Tax Attracting accounts and
Accounts which do not attract tax.
There is probably one more category which may / may not attract tax.
Pegging a G L account as tax attracting ( with more specific mention about
whether input and / output tax is/are allowed - with more specific pegging
of the account with a specific tax with tax rate specified in some cases) ,
I thought, is possible.
Exercising proper care while mastering the related GL Accounts , I thought,
can be of help in filtering out unwanted tax codes intervening during
document posting.
This function, I thought, could further be enhanced by configuring some
default values to appear in the tax related drop down combo box appearing
during document posting.
Please correct me if I am wrong.
Regards
VidhyaDhar
On Sat, May 22, 2010 at 11:14 PM, Paul Bastone via sap-acct <
sap-acct@groups.ittoolbox.com> wrote:
> Posted by Paul Bastone(Senior FI consultant)
> on May 22 at 1:41 PM
> Wrong!!!
>
> The use of tax codes is related to indicators set in General Ledger
> accounts. For example, a cost account will normally have an indicator saying
> it expects an input tax code and a sales account will normally have an
> indicator saying it expects an output tax code.
>
> Paul
>
>
> From: sbarmecha via sap-acct <sap-acct@Groups.ITtoolbox.com>
> To: Paul Bastone <paulbastone@yahoo.com>
> Sent: Fri, 21 May, 2010 22:39:55
> Subject: Re: [sap-acct] Restrict input tax for input only
>
> Posted by sbarmecha (SAP FICO Consultant)
> on May 21 at 4:37 PM Mark as helpful
>
> Hi
>
> When we define tax code in FTXP we define that tax code as input tax code
> or
> output tax code.
> SAP has built in validation for using input tax code for vendors and output
>
> tax code for customers.
>
> Regards
> Sushil
>
> On Fri, May 21, 2010 at 10:04 AM, dabjose via sap-acct <
> sap-acct@groups.ittoolbox.com> wrote:
>
> > Posted by dabjose
> > on May 21 at 10:03 AM
> > 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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