Link Tax Account to Tax Code
How do you setup the tax account for a tax code within the IMG? Are there any prerequisites before this can take place?
In FTXP you'll see an account key............ MWS for example or VST.......
in OB40 enter the GL accounts for that Account key............
or to make it more simple
in FTXP there is a button Tax Accounts, click that button and assign GL's.
In the master data of Tax GL the field Tax Category should be filled appropriately.
Regards,
Similar Messages
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In T-Code J2IUN SECess on ser tax account is not appearing
Dear All,
SAP version is 4.7.
For monthly utilization (T-Code: J2IUN), the option " Cross utilization between service tax and cenvat" need to be used.
Presently G/L account options appearing are as below,
Service tax credit account
ECESS on ser tax account
Service tax payable accoun
ECS on ser payable account
Following options are not appearing,
SECess on ser tax account
SECess on ser payable account
What need to do to appear the "SECess" options?
Please guide.........
Thanks & Regardshi
check this sap Note 1045145 - 1% SECess levied on service tax - Budget 2007.
1032265 - Budget 2007-Legal implications
921634 - Service tax India: Transfer from Interim to Final Account -
Default "Recoverable Tax" account - cost center segment to specific value
Dear all,
I have tried couple of days to see how to use subledger accounting setup to default cost center of recoverable tax account (recoverable tax account - cost center segment to specific value which is based on the cost center of invoice distribution), however it is not succesful.
I think might be some of the setup is wrong, please see below my setup steps:
1) Set up Account Derivation Rules
Copy rule code AP_INVOICE_DIST to T_AP_INVOICE_DIST with adding a source ='Recoverable tax", condition = Invoice Distribution Account is not null
2) Setup Journal Lines Definition
3) Setup Accounting Accounting Definition
Please advice.Madhu,
I did some investigation too and it looks like this is only way i can do this.
Do you think of any User Exit name, which i can use it here?
Thank you and appreciate your help. -
Tax code linking with account mapped to condition type in vkoa
Hi,
I created two new discount condition types and mapped an account in vkoa as per client's requirements. There is no field for tax code in the condition record maintenance screen. However, on creation of billing document I am getting error 'No taxes on sales/purch. are allowed for account 416010 TCL, A4 is not allowed.' Message no. FS217. Is there any setting in FI linking the account with the tax code? Or should I check any SD settings?
Thanks,
Kasturihi,
according to the error message
message e217(fs) with v_accrac-hkont
v_accrac-bukrs
v_accrac-acctax.
MESSAGE e217(fs) WITH i_hkont i_bukrs i_mwskz
RAISING no_tax_code.
MESSAGE e217(fs) WITH i_hkont i_bukrs i_mwskz
RAISING no_tax_code.
this are two programs which are affected with the respective TAX CODES.
check FTXP for the same.
please check and confirm
balajia -
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,
DiptiHi 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 -
Assign Project Code to Tax account automatically
Hi Everyone:
When I assigned a Project code in a Marketing document, why in the Journal Entry the tax account does not assign automatically the project code the way the others accounts does?. Is there any way to achive this?
Thanks
ClaudiaHi,
Check this thread...
[Re: Project code is not tagged against service tax in transactional J.E.|Re: Project code is not tagged against service tax in transactional J.E.]
Thanks
Sachin -
How to maintain G/L account against Tax code in FTXP
Hi Friends,
As explained earlier but while I go to FTXP and against tax code I check tax accounts there is no value . How can I assign G/L account there??
Regards
SVhi,
goto OB40 t code.
you will get a screen with Transaction Keys - select appropriate one which suits your requriment.
and double click there it will ask you for chart of accounts give yours.
you will get a screen on which you have to assign tax code as well as G/L account.
hope this clears your issue,
regards,
balajia -
General question on Tax Account Codes on "G/L Account Determination"
Hi, just wondering, when do the accounts on TAX Tab on G/L Account Determination get filled in?
Are they supposed to be filled in (determined)?
Of course I have Tax codes Admin->Setup->Financials->Tax->Sales Tax Codes that work. Yet wondering why there is nothing in Tax Tab of G/l Account Determination?
It is not even present in US or Canadian Demo companies?
Thanks.Hi,
I believe these tabs are only for certain localizations. They are not applied to Canada or USA.
Thanks,
Gordon -
Experts,
I am trying to change the tax accounts for some tax codes - I went to T Code FTXP and clicked on Tax Accounts, but i don't see a way to amend them.
Can somebody guide me as to how i can change them.
All answers would be duly rewarded with points.
Thanks,
NanditaYou can go through following to get to tax codes and maintain them
SPro- Financial Accounting- financial accounting global settings-Tax on sales and purchases-postings-define tax accounts.
and select the method you want in the rules select tax code and make the entries.
the t code is ob40
assign points if helpful -
Link between G/L & Tax Code
Hi,
We have created a Tax Code, say , V5 - Delhi VAT 5%.
At the same time we have created a G/L, say 168015 - Delhi VAT 5%.
Now we need to assign G/L with Tax Code.
Please suggest how to so the same.
Also tell us what all should we do while creating the Tax Code?
Regards,Hi
There is no direct relation between Taxcode and GL account. There is no meaning in it. Some times for service tax Report in India some companies take tax code as posting rule in Tax account determination. So that during tax postings GL gets updated with tax codes also. it will be help full in reports
regards
Antony -
Dear SAP Experts,
We can do the tax postings from the FI Accounting Under Taxes on Sales /Purchases. through account keys and the Tax codes.
Please tell me now from the SD side Pricing :
Do we agin need to define the account keys for the Tax posting as it is already done in the FI.
Plez Explain.
regards,
A SDear AS,
VKOA is basically used to determine Revenue A/Cs types, such as Revenue, Sales Deductions, Frieght etc.; based upon Condition Types - KOFI & KOFK (To know more about KOFI, KOFK, either search forum or I'll provide links to my posts in some of the threads).
VKOA settings are also used to determine Provisional A/Cs like, Accruals or Rebate etc..
You define G/L accounts for MM integration at T Code: OBYC, and for SD T Code: VKOA. When you post purchase order the is no posting to FI, when you post invoice or goods receipt then there is affect in FI. Where as in SD when you post sales order no entry to FI; when you post sales invoice for post goods issue then there is affect in FI. For this, 2 MM and SD transactions to post to fi you have to give accounts at T code OBYC and VKOA.
This is basically the The Accounts Receivable (FI-AR) module, which is closely integrated, for above explaination.
Best Regards,
Amit
Note: Reference:
[Integration - FICO with other Modules|http://www.sap-img.com/financial/integration-of-fico-with-other-modules.htm]
[Account Determination|http://help.sap.com/saphelp_470/helpdata/en/2d/bdd69dd9b411d199d80000e8a5bd28/content.htm] -
What's the difference between tax account in FTXP and OB40
Hi all,
There are two tax accounts link to same tax code in FTXP for different company codes, but in OB40 I only can assign one account to tax code. What's the difference between tax account in FTXP and OB40?
Thanks in advance.
babyyw
Edited by: babyyw on May 5, 2010 8:21 AMHi,
FTXP no need to create a request and it is easy but in OB40 system will ask you create request. and another thing is in FTXP it is at country level but in OB40 it is at chart of accounts level. -
Link between OB40 and tax procedure.
Hi Experts,
In OB40 GL code is maintained for different transaction like NAV,MWS etc.Could not get how it is link with OBCN & tax procedure.In tax procedure we maintain different condition type.For example in tax procedure for condition type MWZI account key is NVV but in OB40 could not see this transaction key NVV.
Thanks & Regards
Atharva G.Hi,
The tax account keys are maintained in OBCN transaction.
In OBCN, NVV account key is maintained with posting indicator as 3 (Distribute to relevant expense/revenue items) which doesnt require any GL account maintenance. Because of this reason, the account key is not displayed in OB40.
If you maintain the posting indicator as 2 (Separate line item), then it requires GL and then the account key will be visible in OB40. You may check the case.
The tax procedure is linked to country in OBBG.
Hope you understood the logic. Revert back if you need further clarification.
Regards,
AKPT -
Request for the creation of a new Unemployment account for tax
Hi Guys,
This is a question with regard to US tax. We have received a request for the creation of a new Unemployment account for the payment of taxes. This is because the account assignment number has changed for a particular company code in Tennassee state. Please let me know where this change could be made in SAP.
Thanks,
SubbaiahSubbaiah,
Table T5UTL is used for New Tax Company Codes. If this is a new legal entity, youu2019ll need to set up the Tax Company here. Youu2019ll also need to assign at least one Personnel Area to this new Tax Company. This must be established in order to update the next table shown below, but only if itu2019s a new legal entity. The user will know.
Table T5UTH is for establishing the account number to be used in BSI. It must be established in order to update the next table shown below.
Table T5UTI is for assigning account numbers by Tax Company Code. Youu2019ll need one for Tax Authority TN, Tax Type 10. The user will need to supply this information to you.
Table BTXRATE will need to be updated with the Tax Company Code, year, and the State Unemployment Insurance rate & taxable wage amount.
Once this is done, youu2019ll need to update BSI.
If Tennessee is a new state, youu2019ll have work to do with the tax models.
Regards,
Howard -
Error in Tax account determination
Hi experts,
When i am trying to release by billing document by using t-code VF02 i am getting error:
"Error in account determination table T030K Key xxx MWS"
I checked config but could not find any thing
Can anyone help me to resolve this?
thanks,
VaniDEFINE TAX ACCOUNTS
PATH: SPRO FINANCIAL ACCTG FIN ACCTG GLOBAL SETTINGS TAX ON SALES/PURCHASES POSTING DEFINE TAX ACCOUNTS
TRANSACTION CODE - OB40
DOUBLE CLICK ON VST INPUT TAX
GIVE THE CHART OF ACCTS - GES
PRESS ENTER & SAVE
GIVE THE ACCOUNT NO. - 200155 (VAT POOL A/C)
SAVE & SAVE IN YOUR REQUEST
SELECT BACK ARROW
DOUBLE CLICK ON MWS OUTPUT TAX
PRESS ENTER & SAVE
GIVE THE ACCOUNT NO. - 200155 (VAT POOL A/C)
SAVE & SAVE IN YOUR REQUEST
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