Account key for Tax Procedure

Hi all,
I have defined a tax procedure. In that i want to assign 'new account keys' to the condition types.If i define new account keys in SPRO->SD-->Basic Functions, it's not reflecting in the tax procedure.
How to define new accounting key?
Thanks,
Gowthaman.P

HI,
Go to spro-> MM -> purchasng ->condition->define price determination process->define transaction and Event key
Reward if helpful,
Regards,
Chetan.

Similar Messages

ACCOUNT KEY IN TAX PROCEDURE

Hi
This is a tax related problem. I am implementing FICO in a US Based company.I am using TAXUSJ as the tax procedure.
In US the tax is split in to the State, county and City. We have seperate tax rates for each of these items on the basis of the tax jurisdicition code.
Now the problem is that when I am creating the tax codes with reference to tax jurisdiction for Country key "US", the inputable field is coming only for account key-NVV, VS1,MW1. The rest of the account keys are greyed out.Now if I want to maintain seperate tax rates for each of the account key so that I can post the amount related to state, county and city tax in seperate GL accounts, the system is not allowing to edit the field in front of the other account keys.
How can this be done? Can any one give some help on the same.
Regards
Rakesh

Closed

Account Determination for Tax using Sale Tax Code

Hi,
We are using TAXINN and sales tax codes. We are using JTX1 condition in our sales pricing procedure for which we r maintaing condition record with correct tax code applied to it. We have assigned account keys in Tax Procedure, so no acct. key is assigned to JTX1 in sales pricing procedure. In record of JTX1 we are maintaining same tax rate (with tax code assigned to it) for eg. 4 % (not 100%) as maintained in tax code.
Now, we are able to save billing document but while creating accounting document system is giving following error:
No account is spesified in item 0000001002
No acct. was specified for acct. type S in item 1002 of the FICO doc.
The financial acctg. pgm. cannot process the doc.
A sys. error has probably occured in ther sppln. you called up. Check the data transferred to item 1002 of the FICO doc.
Pls. help.
Regards,
Dipti

Hi Dipti,
Hope you are working for Indian Client.
Since you are using TAXINN procedure, you should not use JTX1(Tax Jurisdict.Code) condition at all. As you are aware after implementation of VAT, we should switch off Tax Jurisdiction at all lelvels.
SD Pricing Procedure:
1. Condition Type Settings
a. Excise conditions (if req'd)
b. LST / CST Conditions
c. Freight and Insurance Conditions
2. Access Sequence Settings
3. Maintain Pricing Procedure
4. Assign tax code to Company code
Therefore, check your IMG settings once again.
Bye,
Muralidhara

Assignment of key for tax clearing account to tax clearing account

Hello,
I need a tax clearing account for gross display of down payments. In order to do so, I set a key for tax clearing account in OBL3 t-code but, afterwards, I am unable to link that key to the account that I need. Where can I assign the key to the clearing account?
Thanks,

HI,
Go to spro-> MM -> purchasng ->condition->define price determination process->define transaction and Event key
Reward if helpful,
Regards,
Chetan.

How to create a account key for application type M ?

Hi Guys,
How to create a account key for application type M ? and link the same with
Gl account.
thanks.

Hi
Please create the account keys or transaction keys in
SPRO-> IMG-> MM-> Purchasing-> Conditions-> Define Price Determination Process-> Define Transaction/Event Keys
Thanks & Regards
Kishore

Seperate account receivable for tax

Hi,
Following is the business scenario mentioned below for which I would appreciate your suggestions.......
Posting to accounts:
Customer account: 13000+
Tax Gl account: 300-
Rev. account: 10000-
From the above, instead of having the combine receivable(Net value + Service tax) against one customer account. Can we have postings to two seperate GL accounts where we can post Net value to one AR account and tax receivable to another account.
The reason being, if the user receives part of the invoice value then propartionately he wants to divide the posting between Net value & applicable tax for the value seperately.
Regards,
KK

Dear KK,
-->Please ask FI people to define seperate G/L accounts for revenue and Taxes.
-->You define the account keys defferently to Revenue and Taxes
SPRO>Sales And Distribution>Basic functions>Account Assignment/Costing>Revenue account determination-->Define and Assign account keys.
-->You assign these account keys in your pricing procedure to the respective pricing condition types in V/08 transaction.
-->You assign the G/L accounts with respect to the account keys in VKOA and OB40 transactions.
I hope it will help you,
Regards,
Murali.

Account key for XR1, Xr2

Hi ,
If I Look at the pricing procedure & see acc key for XR1, Xr2 ..no acct key is assigned. I guess it comes from FI, ftxp. any advice
Thank you
Amy

Hi
You are right it will be coming from FTXP where the tax rate is maintained to tax type and condition type.
Thats why there will not be any accounting key assigned to those condition types
goto FTXP enter the country as US and enter the tax code you will get the details
regards
Prashanth

Account key for CST

Dear all
I want to create tax code for CST JVRN AP VAT RM NonDedu JP6 , BUT IN T,CODE JP6 ACCOUNT KEY is missing, please suggest me how to assign the GL A/C
With regards,

Hi,
First Check the account key is defined in your Tax procedure, later in T-code OB40 define your account KEY check the debit and credit key properly and assign a G/L for the same...................
Now try to create a new tax code as per your requriment and assgin the G/L in FTXP in tax accounts field.............
Hope this may help you

Account key for VAT

Dear All,
I want to create tax code for purchase   with VAT 4% using T.CODE FTXP, I am using tax procedure TAXINN,   for VAT which account key   and condition type have to select, please suggest,
With regards,
ARABBAS

Hi,
Maintain these conditions in your Tax procedure and do ftxp accordingly.
JVRD     AP VAT RM Deducti             JP5
JVRN     AP VAT RM NonDedu          JP6
JVCD     AP VAT CG Deducti            JP7
JVCN     AP VAT CG NonDedu         JP8
Umakanth R
Edited by: Umakanth R on Dec 8, 2010 9:13 AM

No Account key in pricing procedure

Dear All
I have Free goods item order. In the pricing procedure. There is no Account key mentioned in any of the condition type. This pricing procedure was created long time back, don't know when and by whom.
Now there is need to create retrun order for Free goods item.
Now when I am trying create Return order using same pricing procedure, it has asking me G/L accounts while saving sales return order. I have checked all the setting. Pricing for my item category has been set as B - 100% discount. I have copied item category used in the Free goods item order and ticked return in new item category. When I am trying to create retrun order using same pricing procedure. It is asking for G/L Account while saving the return order. when I check account assignmen. It says account key missing.
I am not able to understand, how then in the Free goods item order, it does not prompt for account key.
Can anybody save me. it si urgent.
Regards
Saurabh Gothivrekar

Hi
I got answer to my query. YOu need to specify the bill type while defining sales document type. This bill type should not have account assignment mentioned in it.
I changed the bill type, which does not have Account assignment procedure attached to it.
It has solved my problem

Changing Depreciation Key for Tax for closed fiscal years -

Hello,
Hoping someone can help me with this question - Is it possible to change the depreciation key for closed fiscal years - we need to change it for Tax - books. And if yes - does it mean we need to open closed fiscal years ??
Thank you,
Richa

Hi,
you will need to open the FI and AA periods. After changing the depreciation keys do the necessary dep run and close the books in the correct sequence.There should not be problem.

Account keys for movement type 201.

Hi Friends,
Can anybody tell me, what are the account keys (tran/event keys) we will set for movement type 201. And why we are setting that.
Kindly resolve my doubt please.
Regards,
Prasath

Hi
The Transaction Event key set for movement type 201 is WA.
WA - Goods Issue Document.
In the account detemination for movemnt type 201 the Account modifier VBR is assigned for determining the offsetting account for consumption posting
Thanks & Regards
Kishore

Account key in Pricing Procedure

Hi,
I added a new condition type to an existing pricing procedure. Now i need an account key to post this condition value to a differnet G/L Account. Can some one tell me where to create this Account key?
Thanks
Challa

hi,
Its defined here:
SPRO > Material Maagement > Puchasing > Conditions > Define Price Determination process > Calculation schema...
Regards
Priyanka.P

Account key in purchasing procedure

Hi,
Can someone please explain to me what is the field "account key" in the customizing of purchasing procedure, and how can I link a G/L account to that account key.
I understand how to use the accrual field in the p.procedure and was able to link an account to the accrual key, BUT I'm trying to do the same with the field "account key" and I'm having no luck.
Thanks,
Dave

Charlie ,
If I don't want the condition to be an accrual, is there any way to define an account to the condition?
My issue is that once the condition is an accrual, when I reform a return PO, movent 161, the condition (when defined as accrual) is not revered.
Thanks,
Dave

Business area is missing in Accounting doc for Taxes

Hi Gurus,
When I am sseing accounting doc, The business area is not showing for taxes,but its showing only for sales values. Is there any setting for getting Businees area for taxes?.
Regards
Rams

If the Profit Center of material is flowing wrongly in billing or a particular G/L Account is assigned to multiple Business Areas, you will face this type of problem.
So Check whether your profit center is flowing correctly and also the respective G/L Account is not assigned to multiple Business Areas.
In order to avoid this, you should have invoice split based on business area.
thanks
G. Lakshmipathi

Account key for Tax Procedure

Similar Messages

Maybe you are looking for