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RE:[sap-acct] Base amount for VAT calculation

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Posted by wnash7658 (SAP Specialist and Project Leader)
on Sep 1 at 10:34 PM
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Waza

---------------Original Message---------------
From: Kathrinek
Sent: Thursday, September 01, 2011 2:27 AM
Subject: Base amount for VAT calculation

I would like assistance with the following scenario.

Output tax 14%
Invoice amount 1000 (excluding VAT)
Vat calculated by SAP (14/114*1000) 122,80

Where can I configure it so that on capturing an invoice my amount captured is excluding VAT and then the system calculates VAT based on the tax code I select eg in the above example I would input amount of 1000 and system would compute VAT of 140 (14/100*1000.

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wnash7658
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