Defining Accounts for Automatic Tax Payable Transfer Posting

Dear all,
I would like to know about accouting process of Accounts for Automatic Tax Payable Transfer Posting.
Please give me a detail example about business that use this account
Thanks so much
Minhtb

Hello,
This scenario applies at month end.
Say during the month you have posted payables are receivables resulting in the following balances on your tax accounts:
Input tax account: 10.000 Dr
Outpux tax account 12.500 Cr
When you prepare your tax return at month end with report "Sales Purchases tax returns", it will print out all if your input and output tax transactions, detailing the total balances mentioned above.
At the same time you can activate the tax payable posting option with help of the variant options. Besides the printout, SAP will then also automatically post the following document:
Dr Output tax account 12.500
Cr Input tax account 10.000
Cr Tax payable account 2.500
in other words, the input/output tax accounts are zero and the remaining (payable) balance is offet to a special clearing account, the "tax payable account". This account is then cleared against cash as part of e.g. bank processing when the payment is made and that ends the process.
hope this clarifies, please do not forget to assign POINTS if this answers your question.
Thanks
Rene

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Defining Accounts for Automatic Offsetting Entry

Dear all,
From IMG: I Access the activity using the following navigation option:
Financial Accounting (New) ->Accounts Receivable and Accounts Payable ->Business Transactions -> Postings with Alternative Reconciliation Account -> Other Special G/L Transactions -> Define Accounts for Automatic Offsetting Entry
I'd like to ask a question: If I can define more items in column Account type/sp.GL ind? where I can do it?
Thank in advance
Minhtb

Hi
Based on Business Transactions u can assign the Alt Gl MRecords. Like Down Payments, Payment Requests etc.,
Shammi
assign points if it is helpful

Define Accounts for Automatic Offsetting Entry

Dear sir,
Now, I have to define Accounts for Automatic Offsetting Entry,
but I dont know what is it? Can you tell me its function and give me some examples and its account numbers.
Thank you very much.
Faithfully,
Hangvt

Hi,
You can do the configuration for "Off set entry in t.code"OBYC" integration between MM and FI, Transaction key is "GBB".
If you double click on GBB thenyou need to give chart of accounts and then you need to assign GL accounts based on Valuation Class for Material.
Here you are settong off the debit to every credit and credit to every debit transaction like open items such as GR/IR a/c.
Hope understood and reward me if you are cleared.
Thanks,
Vasu..

Define accounts for Sales tax

Hi all,
Can somebody please tell me how to create more than one tax account for Tax on Sales/Purchase. The path to define a Tax account is
SPRO-> Financial accouting->Financial Global settings-> Tax on Sales/purchases-> Posting-> Define Tax accounts.
I have already defined one G/L account for the Output tax (MWS) and now I want to define one more G/L account. But, It is not having any option to do so.
Please help me. <b>I will award points</b>.
Thank you,
SONY

hi sony,
you may just copy one itself and name it differently.
Award points if it works for you
Best Regards,
R.Srinivasan

PRA - Process Improvement for Accounts Receivable and Taxes Payable

SAP PRA introduces process improvements to Accounts Receivable and Taxes Payable write off processes for small dollar line items. When small dollar line item amounts are within the user defined tolerances, these line items can be written off using a batch job, Auto Write Off.

Thank you Wolfrad-
It's a good start. I think the best method in creating roles is to create the name myself and add the t-codes pertaining to that function such as cash application and credit.
I have a list of t-codes (it says all FI transactions) but I don't see credit management t-codes like FD32. Does anyone have a list of credit management t-codes?
Thanks!
POINTS AWARDED

Define Accounts for Tax Clearing

Dear all,
I have to Define Accounts for Tax Clearing but I don't understand business that use this account
Please give me a example about business that use this account
Thanks so much
Minhtb

Hi,
I would like to explain it with an examble (it is in India),
We have a tax element called Excise Duty which will be levied on all material sales. In india, there is a option to utilise the purchase related Excise Duties against the Excise duty payable on sales. For utilising this, we have to maintain all excise related records. To ensure the accounting of purchase related duties, companies are puting a control that the invoice verification (MIRO) can be done only if the incoming duty is
accounted.
At this place tax clearing accounts are used. Here at the time of accounting duty the tax clearing account will be credited and at the time of MIRO the tax clearing account will be debited. Hence, the balance is Zero.
Examble,
Procurement cycle,
1. Goods receipts (MIGO)
Dr. Inventory a/c
Cr. GR/IR Account
2. Excise duty (J1IEX)
Dr. Duty Input a/c
Cr. Tax clearing account
3. Invoice verification (MIRO)
Dr. GR/IR a/c
Dr. Tax clearing a/c
Cr. Vendor a/c
There is an another chance of creating a liability at the time of transaction will hit a tax clearing account and at the time of payment it will clear the tax account.
Hope it clears your doubt
Regards
A.Saravanan

OBWW - Define Accounts for With Holding Tax to be paid over

Hi All
I am unable to activate Rules and assign accounts in TCode OBWW (Define accounts for with holding tax to be paid over) as the screen is greyed out.
Please guide me
Rgds
KIM Khan

Hi
You may in the same screen in another window.
Regards
Murad

Accounts for Automatic Offsetting Entry

Dear all,
I don't know the purpose of Accounts for Automatic Offsetting Entry.
Please give me a detail example. Anh tell me how to configure and choose transaction to this bussiness
step by step
Thank in advance
Minhtb

Hello
Certain G/L items are created automatically. This reduces the manual entries required.
During clearing, items for cash discount, payment differences, revenues from charges, exchange rates differences, and any necessary tax adjustments are amended automatically
With all business transactions containing cross-company code documents, offsetting entries representing receivables and payables between the company codes involved are amended automatically.
When posting down payments, you may have to post the tax from a general ledger viewpoint. No special line items for tax and tax clearing are generated for this in Contract Accounts Receivable and Payable. Only the tax code, tax amount, and account numbers for the tax account and tax clearing account are noted in the open item for the down payment. This information is sufficient for updating the general ledger.
The accounts to be posted to must be defined in Customizing for the line items to be created automatically IMG structure for Contract Accounts Receivable and Payable ® Basic Functions ® Postings and Documents ® Document ® Define Account Assignments for Automatic Postings
Reg
assign points if useful

Defining Accounts for Materials Management

Dear sir,
Now, I have to Define Accounts for Materials Management, but I dont know what are procedure or group to match my account number. Can you explain the definition of following procedure:
Expense/revenue from consign.mat.consum
Expense/revenue from stock transfer
Subsequent settlement of provisions
Subsequent settlement of revenues
Provision differences
Inventory posting
Change in stock account
Inventory posting
Revaluation of other consumables
Del credere
Materials management small differences
Purchase account
Purchase offsetting account
Offsetting entry for inventory posting
Account-assigned purchase order
MM exchange rate rounding differences
Differences (AVR Price)
Cost (price) differences
Price Differences (Mat. Ledger, AVR)
Price differences (cost object hierarc.)
Price Diff. from WIP Written Off (Mat.)
Product cost collector price differences .....
Many other, but you can explain some and give me example, and step by step giude me setup
Thank you very much
Faithfully,
Hangvt

Hi,
Some of the companies are having a practice of paying payables with the rounding off rules. This rounding of in India could be from Rs.0.01 to Rs.10.00. For examble, there is a payable amount of Rs.125125.25 this can be rounded off to Rs.125125.00 or Rs.125130.00 while making payment. The balance amount should hit the rounding off difference account.
The same things is applicable for receivables also.
Over/under payment GL can be configured by using T Code OBXL
There is an another use, for details see the below link,
http://help.sap.com/saphelp_47x200/helpdata/en/01/a9b9a6455711d182b40000e829fbfe/frameset.htm
There may be some more reason where you need to do this configuration,
Disc. difference
Incorrect cash discount rate
To be paid without deduction
Credit memo without backdated cash disct
Cash discount period exceeded
Reduction without doc.number allocation
Incomplete payment advice note
Payment amount is different
Debit reduced not paid
Debit reduced not paid
Reduced twice
Paid not reduced
Damaged goods - disputed
Goods damaged during transport
Quant.delivered not same as order quant.
Freight charges not paid
Miscellaneous deductions
Price variances - disputed
Partial payment
Returns
Residual item creation
Trade Promotion
Payment differences on debit side
Hope it clears your doubt.
Regards
A.Saravanan.

Defining Account for Rounding Differences

Dear all,
I configure J70 Extenal accounting.
I have to Define Account for Rounding Differences but I don't understand how to use this account
Please give me a example about bussiness scenanio that use this account.
Thanks so much
Minhtb

Hi,
You can configure it with a GL account by using a T Code OB00.
Case - 1,
Rounding off difference means as per the country specific law, some of the taxes should be rounded of to the nearest rupees / appropriate currencies. Normally taxes are calculated as a percentage of the basic material value. For examble if the basic material value is Rs 1255, the tax rate say 4%, then the tax amount comes Rs 50.20. Most of the cases this tax amount should be rounded of to the nearest rupee, hence, tax amount should be Rs.50.00 and the Rs.0.20 should hit the rounding off difference account.
Case - 2.
Some of the companies are having a practice of paying payables with the rounding off rules. This rounding of in India could be from Rs.0.01 to Rs.10.00. For examble, there is a payable amount of Rs.125125.25 this can be rounded off to Rs.125125.00 or Rs.125130.00 while making payment. The balance amount should hit the rounding off difference account.
The same things is applicable for receivables also.
Over/under payment GL can be configured by using T Code OBXL.
Rounding off difference amount should be a P & L account and the debit / credit will hit the profit / loss of a business directly .
Hope it clears your doubt
Regards
A.Saravanan.

Define Account for Rounding Differences

Hi all,
I have to define Account for Rounding Differences
But I don't understand type "Accounts for Clearing Differences"
Please give me a example about cash flow is relevant to this account.
Thanks so much
Minhtb

Hi,
To define this accounts use transaction code: OB00.
Clearing Diference Example.
This is an Automatic Procedure Example: Your bank count some amount for Account movements. When you import your Bank DME with this payment done the system clear you payment and need to post this difference in any account.
Manualy you must enter in clearing transaction your account for this difference post.

Automatic triggering of transfer posting while usage decision

dear all,
My client wants to put automatic trigger of Transfer posting as soon as he finished the Quality inspection from the goods returns from the customer .can anybody help in this problem.
regards,
K.Thyagarajan
null

You need to define a Follow-up fucntion in customisation (under Insp lot completion). Thi sfollow-up fucntion will have the fucntion module which does the Transfer posting.
Then you need to assign the follow-up fucntion in the UD code of the selected set in QS51.
Regards
Ram

Creation of Service Tax code for Service Tax Payable

Hi
Please advise me to create service tax code for service tax payable
Thanks and Best Regards
Shekhar
Edited by: Shekhar Yecham on Sep 16, 2008 8:28 PM

Hi Randeep,
As they said it is service tax GTA.Right we are doing out of SAP, we want it to be done in SAP
The tax calculation will be like below
service tax of 10.3% has to caluclate on the 25% of the Base amount. Like
25% is taxable and 75% is livied.
Base Amount - 100.00
25% of the base amount(100/25) = 25.00
service tax(10.30%) to be calculate on Rs. 25.00
25*10.30% = 2.57
Base amount --> 100.00
Service Tax --> 2.57
Total: 102.57
Regards,
Siva.

Define Accounts for Overpayments/Underpayments

Dear sir,
Now, I have to define Accounts for Overpayments/Underpayments, but i dont know what is it function? can you explain me and give me some examples such and its account number.
Thank you very much.
Faithfully,
Hangvt

Hi,
Under Payment and over payments applicable for vendors/Customers
I have to pay $ 100 but I paid 98 this is a under payment for me it is a gain that why create account under incomes
I have to pay $ 100 but I paid 102 then is a overpayment $2 is a overpayment it is a expenditure crate accounts for Exp
Opposite to Customers
When you are clearing payment there residual payment and partial payment will be there
Partial payment: I have to Pay $100 but I paid 98 $2 will as a open items
Residual Payment :I have to Pay $100 but I paid 98 $2 will not show as a open item here under payment and over payment concept will come.
Configuration Steps:
T.Code: OBBE create
Rcd       DES
02     Payment diff
Save
Step2:
Create Accounts in FS00 for exp and income Accounts
Step 3:
Assign Accounts in OBXL
Dr EXP A/C
Cr INC A/C
Payment received or paid
Entry should like this
Vendor A/C $ 100
   To
      Cash/Bank 98
    To Payment Diff $2
If you need any further clarification please ask me
If it is use full Please assign points
Thanks
Shiva

Service Tax Payable Transfer - Incorrect Amounts

Dear all
I am facing the following issue while using S_AC0_52000644 - Tax Reports -> General -> Deferred Tax -> Deferred Tax Transfer (New) for transfer of Service Tax(Output) from Interim to Payable accounts -
The accounting entry that is generated at the time of Billing document is as below -
Customer                        110,300.00
Domestic Sales                          100,000.00-
Output Service Tax Interim Basic     10,000.00-
Output Service Tax ECS Interim     200.00-
Output Service Tax H & ECS Interim     100.00-
Hence, ideally the service tax that should be transferred from Interim to Final Payable should be Rs 10000, Rs 200 and Rs 100. However, when i execute the transfer program, the amounts that are getting transferred are not correct, the base amount gets changed. In the present case for e.g for Output Service Tax Interim Basic, the base amount is displayed as 109,510.22 and the tax amount as 10,142.65.
We are using TAXINJ and have maintained the 2 tax codes i.e deferred and final. The tax rates are maintained at the tax code level in FTXP and the rates are 10%, 2% and 1%.
Any help on this issue will be highly appreciated.
Thanks
Hrishi

Hi:
        Please see the OSS Note 921634 - Service tax India: Transfer from Interim to Final account to rectify the issue. There seems an issue with your routine assignment and activation in VOFM (ask SD Guy). Also check in FTXP if this tax code has more than one line item. If there are then deactivate the one not required. Another way to avoid this issue is to go to FS00 and in the control tab, select indicator "posting without tax code allowed" ..
Regards
Edited by: Atif Farooq on Sep 30, 2011 7:16 PM

Defining Accounts for Automatic Tax Payable Transfer Posting

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