Re: [sap-acct] Restrict input tax for input only
Posted by
Admin at
|
Share this post:
|
|
0 Comments
 | Posted by Paul Bastone (Senior FI consultant) on May 23 at 2:24 AM |  Mark as helpful |
VidhyaDhar,
You are right. I just did not want to make my reply too specific, complicated or lengthy in this forum.
You have gone to the next level of detail, which is fine, but the story is still not complete.
There are period close procedures, country specific reporting procedures, adjustment postings, tax only invoices, tax payment, audit issues etc etc.
Where do you stop?
Kind regards,
Paul Bastone
From: VidhyaDhar via sap-acct <sap-acct@Groups.ITtoolbox.com>
To: Paul Bastone <paulbastone@yahoo.com>
Sent: Sun, 23 May, 2010 4:11:09
Subject: Re: [sap-acct] Restrict input tax for input only
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.
__.____._ You are right. I just did not want to make my reply too specific, complicated or lengthy in this forum.
You have gone to the next level of detail, which is fine, but the story is still not complete.
There are period close procedures, country specific reporting procedures, adjustment postings, tax only invoices, tax payment, audit issues etc etc.
Where do you stop?
Kind regards,
Paul Bastone
From: VidhyaDhar via sap-acct <sap-acct@Groups.ITtoolbox.com>
To: Paul Bastone <paulbastone@yahoo.com>
Sent: Sun, 23 May, 2010 4:11:09
Subject: Re: [sap-acct] Restrict input tax for input only
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.
Copyright © 2010 Toolbox.com and message author.
Toolbox.com 4343 N. Scottsdale Road Suite 280, Scottsdale, AZ 85251
Toolbox.com 4343 N. Scottsdale Road Suite 280, Scottsdale, AZ 85251
Paul BastoneSAP Accounting Helper
Posted helpful replies on 5 threads in a group to earn a Bronze Achievement
Related Content
In the Spotlight
White Papers
In the Spotlight
Toolbox.com for iPhone: Ask Questions & Get Answers Anywhere. Use the New iPhone App
View this thread online
Manage group e-mails
Create an FAQ on this topic
Tell us what you think
Unsubscribe from discussion
Manage group e-mails
Create an FAQ on this topic
Tell us what you think
Unsubscribe from discussion
_.____.__ 
