Parallel ledger for tax purposes

Dear SAPiens,
I heard an idea from a client: to use a parallel ledger in newGL for profit tax purposes, i.e. to record taxable revenues and deductible expenses in a ledger dedicated for tax purposes, to make it easy to determine the base of profit tax.
Does anyone have experience with such a use of parallel ledgers? Could it work and make sense?

HI,
Please assing the company code ato Paralle ledger.
SPRO/FA/****/ledgers/ledger/define and active non-leading ledger.
Reg
Madhu M

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Parallel Ledger Vs. Special purpose Ledger

HI All
Can you please help me with the following.
I am doing an analysis comparison between Parallel ledger and Special purpose ledger. specificaly to the following requirements.
Month end currency translation by group account, company, trading partner, profit centre, partner profit centre, FI transaction type and FI segment with full audit trail; .
Translation of certain accounts using a monthly average rate, others using a spot rate and some using an historical rate (the translation to group currency needs to be entered by account i.e. there is no one historical rate, the rate will depend on the account);
Accounts translated at the monthly average need to be translated based on periodic movement and NOT the cumulative balance i.e. Cumulative at the end of period 3 = [(opening balance) + (movement for period 1 x monthly average for period 1) + (movement for period 2 x monthly average for period 2) + (movement for period 3 x monthly average for period 3)]. NOT: [(cumulative balance at the end of period 3 X monthly average for period 3)] which is incorrect;
If possible (as is possible in BPC):
For accounts translated at period end spot rate: separation of the currency translation movement on the account balance into transaction types for:
Currency translation difference on retranslation of the opening balance;
Currency translation difference on the movement for the period.
The ability to define different rates per account, transaction type combination (i.e. the balance on the depreciation transaction type of the fixed asset accumulated depreciation reconciliation account should be translated at an average rate while the account balance as a whole is translated to the period end spot u2013 the difference between the translation of the depreciation movement at average and spot rates should be posted to a separate transaction type as u201CCurrency translation differences on the movement for the periodu201D;
Posting of the balance sheet balancing difference on the translation to a u201Ccurrency translation adjustment accountu201D in the balance sheet.

I have some cost center qns
How is cost center realted to profit center?
What is a cost element group?
What is a cost center group?
What is the difference between Assesment & Distribution?
What is a activity type?
Award points if helpful

How do I print a list of my events from one of my calendars for tax purposes?

How do I print a list of my events from one of my calendars for tax purposes?

I actually began this process by creating a new calendar called "Medical" and then each event was assogned to this calendar but the program still wants to print out every day of the month for even those days that have no events. The list view gives me the look I want and I have even tried deselecting all of the options and then reselecting them one at a time to no avail.

JURISD AREA FOR TAX PURPOSE

Hi
Trying to configure jurisdictional area for tax purpose.
Once i do the same i am unable to enter rates in a new tax codes that i try to create through tran code 'FTXP'.
Getting an error message tax rate lines can be deactivated only for codes assigned to Jurisdictional areas.
Regards
Aravind

Hi,
Check your COD config.
I hope you are having 01,02, 03 and 07 as dep areas in your COD.
First set your COD with OAPL.
Use transactions OADB, and OADC.
in OADB give posting in GL as 1 for dep areas, for which you want to adopt values to GL. For other areas put 0 in posting to GL, and select real dep area for all the areas.
in OADC specify your dep area type for all the dep areas.
Now OABC and OABD.
Put proper settings for each dep area according to SPAIN country regulations.
Thanks,
Srinu

How to change the date considered for taxing purposes?

Hello All,
In the preparation for the new tax rate in Québec, I need to configure the system to consider two dates in order to proporly select the TVQ rate. The change date as well as the current and the next rate were already set in FTXP. But when I try to make a payment the rate is taken according to the invoice date.
The regulation requires it to be the earliest of (Due Date) and (Payment Date). How can I configure that?
Thank you in advance,
Guilherme

I had a wrong assumption... Invoice date is good for this purpose.

Balance sheet for tax purposes in Chile

We don't see the above report in SAP standard menu. Can anyone please let me know the program or transaction name?
Many thanks
Jorge

The following link may be useful
http://help.sap.com/saphelp_47x200/helpdata/en/db/de893744ce9c71e10000009b38f842/frameset.htm
Assign points if useful
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Aravind

Exporting purchase history to Excel for tax purposes.... Is this possible?

I would like to have an itemized list of my annual purchases in a user friendly spreadsheet. Scrolling through pages of purchases, and creating screen shots is not an option unfortunately.
Does anyone know if there is an export option? Either through the Itunes software or a web interface?
Cheers!

Santeria227 wrote:
I would like to have an itemized list of my annual purchases in a user friendly spreadsheet. Scrolling through pages of purchases, and creating screen shots is not an option unfortunately.
Does anyone know if there is an export option? Either through the Itunes software or a web interface?
Cheers!
As you noticed, the pages in the Purchase History are not copiable or printable or exportable.
Contact iTunes Customer Service, and on request they can email you the full listing. I am not sure of the exact format, but I assume it would be usable in a spreadsheet.

Parallel ledger with values for past period

hi
we are creating addl ledgers with different fiscal year variant
is it possible for me to fill up this ledger with values for a past period?
my fiscal year variant is V3 April - March, however I need the parallel ledger for calender year Fiscal Yr Variant K4.
Going live with this in april is it possible to populate this ledger with values for jan-march period
regards
sameer

HI,
I am not sure if it is helpful but what you can do is to define an asset movement type limited to a valuation area, which allows you to post for example acquisitions only in on valuation area, but not in the other one.
Thus you can post ABSO with one asset movement type for one valuation area (APC-value X) for another valuation area use another movement type and post APC value Y.
Anyway the difference of the APC value (thats not ativated) needs to be posted to an P&L account.
Maybe there are other/better suggestions from other people.
Best regards, Christian

ECC6-Parallel Ledger Clarification

Hi,
We have activated the parallel ledger.
The user wants to post a vendor/customer transactions to a single ledger ie either to parallel ledger or to the leading ledger thru the trans code: FB01L, but at the time of posting there is a error message
" Postings to ledger 0L not permitted with account type D
Diagnosis
Posting to account D with account type must be made in all ledgers of the company code".
Can anyone please clarify to me whether this is standard settings of SAP where vendor/customer trans cannot be posted to a single ledger?
Points would be rewarded.
Thanks
Suresh

Dear SAp,
This is logical that the vendor / customer should not be posted only in one ledger.
Only GL accounts can be posted to only in one ledger for adjustment purposes
This is standard
Assign points if useful
regards
Venkatesh
Edited by: Venkatesh A K on Mar 27, 2008 5:02 PM

Sales Order Unable to Use New Condition Tables for Tax Condition Type

Dear All,
I am currently working on SAP R/3 4.0. I have a new requirement for my tax where I need to create new condition tables other than the 4 standard SAP tables which are Customer/Material, Division/Customer, Departure Country/Destination Country, Domestic Taxes and Export Taxes. My new tables consists of Departure Country/Destination Country/Shipping Point/Tax Code. The requirement is that the tax code is based on the chosen destination country and shipping point. The problem I am facing now is that no matter what types of table I create or even I generate with reference to the standard table, the access sequence will only refer to the 4 standard SAP tables above. Even if I put my own table in the highest priority for the access sequence, the same thing happens. My sales order will only pick up date from the standard table.
I wonder if anyone encountered the same problem as me.
Kindly advise.
Thank you.
Regards,
Yvonne

Hi
Yvonne
I suggest fist check a simple thing ,whether u have successfully determined shipping point for each line item ,it is possible that just adding a line item will not trigger shipping point determination . So after u update the shipping point on line level u can rerun pricing and check agian if u r getting it .
Secondly for tax purposes I suggest Try to have Customer and material tax classification approach this allows to u have long term flexibiliy and also reduces your maintenance activity . As if u change or add number of shipping points and business changes using the sequence of shipping point ,the logic of just using shipping point will not work.
In Tax classification u cna add new condition table for each new tax category and use it in different access sequences.
This information can be passed on to FI using Different Tax code for Different combination.
I hope this helps
Regards
Mandar

When I'm signing up for my ID number is it for a new business or for banking purposes

I'm in the process of signing up for a federal ID number and it is asking me if I am getting the number for "starting a new business" or "banking purposes". Since it's a requirement to sell an Ibook in itunes, which is it? Banking or starting a business?

The EIN? if so this is an Apple requirement for tax purposes. Seems to be a USA employer requirement.
On my form I declared as new business ....ebook publisher.
The Banking and Contracts section is for you to confirm your bank details...if/ when you sell items...Apple transfer your earnings less their commission, to your bank. The contracts are Apple requirements.
Its advisable to apply for EiN by telephone ..of you do the agents you will speak with are very helpful and will take you step by step through the forms. It takes about 10 -15 minutes. and they give you the number then and confirm i. writing.
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SPL and Parallel Ledger

I am new to SAP. Could someone highlight the major differences between parallel ledger and special purpose ledger in terms of features and usability?

I don't understand. Special purpose ledger itself is a parallel ledger. Special purpose ledger was used earlier to ECC 5.0. ECC 5.0 onwards, if you activate new GL, you can have non-leading ledgers as parallel ledgers (similar to erstwhile special purpose ledger).
In the old SPL world, you had to do a lot of configuration yourself - like generating table structures, creating special purpose ledgers and assigning line item and totals tables to the ledgers, assigning activities and field movements to special purpose ledgers.
A lot of that configuration is automated in new GL; saves you a lot of work, believe me. New GL is old wine (SPL) in new bottle - the wine just tastes better!

Parallel Ledger functionality in New GL

Can some one provide input on business process requirement that is solved by enabling Parallel ledger in New GL?
Thanks in advance.

The following situtaion can explain where we have used the parallel ledge
our company is located in United states and its fiscal year is from sep-aug but it has a branch in Mexico which fiscal year is jan-feb. we used the parallel ledger concept where in the parallel ledger for mexico we used another fiscal year that is jan-feb and in the leading ledger for the same company code we used sep-aug.
ASSIgn points if helpful

Differing Fiscal year for Accounting & Tax purposes

What procedure needs to be followed in ECC 6.0 when the fiscal year for accounting purposes and the fiscal year for taxation purposes are different.
For Accounting - Jan to Dec: For taxn - April to March.
How to accomplish the same?
One should not extract two different financials and merge it manually. Is there any other way out?

Hi Smurthi
If my understanding is right - Your company books fiscal year is Jan to Dec and for country like India the tax book is to be maintained from April to March
If this is what you are in need off - its very well possible using Special Purpose Ledger.
Once this is configured - you will have two books as the period stated above.
Any transaction posted in SAP will go to your regular book and special purpose ledger.
At this point if you open any posted document using FB03 etc - go to the Environment -> Document Environment -> Accounting Document - you can see the Special purpose ledger document also
Warm Regards
Bala
Edited by: Balasubramanian Nagarajan on Jul 5, 2008 9:30 AM

Using Special purpose ledger for CIN

We are in the process of SAP Roll out for India. For our Company codes in Europe, we are following Calendar year as Fiscal year where as, as per Country India requirement, Fiscal year needs to be defined from April - March (V3).
We are planning to use Special purpose ledger with Fiscal year as V3 for Country India reporting. We observe that in several SAP Transaction Fiscal Year is a feild to be entered for executing the transaction.
SAP solution for Excise Duty, Service tax and Tax deduction at source are based on Fiscal year as per standard ledger or Special Purpose ledger?
Kinldy confirm, if we can use SAP CIN Transaction based on Special Purpose Ledger ?
BR - Dwijendra

Hi Dwijendra ,
It depands upon what kind of business your implementing. If it is a manufacturing then we need to have lot
of CIN functionaility from the logistics side. Excise invoice and lot of tax specific.
As such from FI side we need to have the vendor/customer TDS cycle that needs to be run and this is covered by withholding tax functionality for India specific. Which is inherited as part of ECC versions.
If your requirement of implementing is purely for reportiing in march-april then you can try the options with special ledger.
regards
pbb

Parallel ledger for tax purposes

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