Payment on account and deferred tax.
Hi all,
I have a problem with the deferred tax in France.
The tax had to be in the VAT report at the payment. When I create a payment on account ( on a deferred tax BP with no invoice selected), my payment doesn't appears in the VAT report. The tax appears in the report only when I do a reconciliation and she appears at the date of the reconciliation and no the date of the payment.
Have you got a solution to indicate the deferred tax on the payment on account ?
And why the deferred tax checkox in the BP isn't considered for a payment with no invoice ?
I hope you will have some responses to this problem.
Thank you.
Jeffrey Corrignan
Hi Jeffrey Corrignan,
Welcome you to the forum.
I can only assume this is by system design. Deferred tax has to be tied to an invoice or a reconciliation. If legal requirement is different in your localization, post a DRQ on /community [original link is broken]
Thanks,
Gordon
Similar Messages
-
Payment on Account and dunning run
One of our customers demands some changes within the Business One.
The support in Ireland advised us to post these requirements in this Forum.
Payments on Account will not be considered in dunning runs.
The customers opinion is, that these Payments have to be considered in the dunning runs.Hello Oliver,
in SAP Business One 2007 you may take the following types of docments into consideration when executing the dunning run (Step 4 - Document parameters):
- payments not based on invoice (payment on account)
- credit notes not based on invoice
- manual journal entries
Your customer's requirement is hence met.
All the best,
Kerstin -
Link among Vendor, Expenditure Gl account and withholding tax keys
Hi,
could you pls clarify me regarding below
Suppose i am having One Vendor (XYZ) and i am paying him more than one nature of payments (contract, rent, commission etc). My end user wants the system to calculate the respective tax codes when ever iam debiting the GL a/c.
Eg: Vendor: XYZ
Tax Codes: A1(tds on Contract), B1 (Rent), C1 (Comm)
Gl a/c: Contract Paid (400005), Rent paid (400010), Commision gl a/c (400015).
when i am payable to vendor (credit vendor no) the contract amount (debit 400005), the system should calculate tax code A1.
? IS THIS POSSIBLE TO LINK VENDOR NO, GL ACCOUNT (GL A/C) AND TAX CODES.
? IF YES PLS LET ME KNOW HOW.
Note: we are using 4.7 EE VersionHello
In manual invoicing choosing the right tax code is possible. I am not sure how this can be automated, try substitutions. When it comes to reporting, standard report may not be of much use. Try a query or check with client if he is interested in std report enhancement or modification.
Reg
assign points if useful -
FP04 : Write off and debiting Tax accounts
Dear All,
I have an issue with debiting tax account on write off.
Scenario: Invoice posted $1000 including tax of $100. i.e $900 consumption (revenue) + $100 tax.
GL Postings:
Customer account 1000 Dr
Revenue Account 900 Cr
Sales tax 100 Cr.
Write off( FP04 any reason codes).
System posts the Following:
Customer account 1000 Cr
Expense Account 1000 Dr
I need it to be like:
Customer account 1000 Cr
Expense Account 900 Dr
Sales tax 100 Dr.
I've tried everything I can, but I think I'm missing something very obvious and silly.
1) Maintained posting areas:
0120 : Expense Account (No tax code specified and tried with tax code too)
0121 : Expense Account for non tax related items (same expense account)
0122 : Tax Adjustment Flag (Tested with both flag on and off)
2) Define Act Assignments ReLU to Main Transactions
Company Division Act Deter Main Acct
1000 10 01-10 0090 Expense account
1000 10 01-10 0095 Expense account
3) ISU u2013 Define Acct Assignment Relv to Transactions
Set Main receivable account (Customer account) for all combination of 0090 and 0095. i.e. 0010 and 0020.
Company Division Act Deter Main/Sub Acct
So what am I doing wrong?
Thank you very much.
Edited by: JayUtility on Jan 31, 2012 2:53 PMThank you Ivor. Tried that too.
I'm still stuck at:
Customer (AR) Account 1000 Cr
Expense Account 1000 Dr
The entire invoice amount is debiting against the Expense / bad debt account.
I need that only the consumption portion should debit Expense account and the Tax portion should debit the Tax account.
Customer account 1000 Cr
Expense Account 900 Dr
Sales tax 100 Dr.
It seems like an easy enough thing. I must be missing something. -
Document splitting error for deferred tax transfer document
Hello,
We are into ECC 6.00 and we have activated the new gl concept and profit center is a mandatroy for any transaction.
Now we are implementing Deferred tax functionality to our client and We are performing UAT for the same.When I am performing customer invoice with multiple cost assignments with deferred tax code system is posting the invoice and same I cleared with payment,while running the deferred tax program(RFUMSV50) system genarating batch input session instead of posting the transfer document.
I am trying to running the batch input session through transaction code SM35 and It's giving error of enter profit center in line item 001.
reason is VAT output account is not splitting different profit centers in invoice.
We can created default profit center for deferred tax account but our client requirement is system has to pick the profit center from Invoice.
Could you some body help me how can I resolve this issue.
Please help me for resolving this issue.
Thanks in advance.
Regards,
SatyaHi,
We have checked with SAP and it's standard functionality of defferred tax program and it will not split the profit center.
Presently we are processing such type of invoices manually transfering deferred tax account to VAT output account.
Regards,
Satya -
Deferred TAXES - (NO VAT, I repeat : no deferred VAT)
Dear colleagues,
I found on SAP lib and in the notes and on this forum pages of information about deferred TAX, but
why is everybody talking about TAX and in fact you mean VAT ?
Itu2019s like a LION and a cat, not every cat is a lion.
There are VAT, local taxes, income taxes, community taxes, deferred taxes,u2026
In some countries, VAT is deductible / payable only after receipt / payment, so
deferred VAT has nothing to do with deferred taxes !
Deferred tax is the tax return on the difference between valuation to local legislation and reporting (IFRS) legislation. This will be always a (temporary) timing difference!
One step further, we talk about deferred tax assets and deferred tax liabilities., depending the difference is an asset or liability.
Where accelerated tax relief is obtained for expenditure relative to the timing of an expense recognized in a company's profit and loss account, a deferred tax charge should be recognized in the profit and loss account for the movement in the company's deferred tax liability, which will increase the company's total tax charge.
Now, I am doing a profound study on the New G/L .
And one of the items is the parallel accounting principle. It becomes very easy to have a depreciation of 38.600,- on the same account in one (leading) ledger and 80.000,- in the other (non leading) ledger :
for ex : an investment
fix asset 200000 (3,5% discount = 7000)
Depreciation 5 years IFRS and 5 years accelerated Local GAAP
Income Tax 41%
IFRS Local Diff Def Tax
Investm 193000 200000 -7000 -2870
Deprec 1 38600 80000 41400 16974
Deprec 2 38600 48000 9400 3854
Deprec 3 38600 40000 1400 574
Deprec 4 38600 32000 -6600 -2706
Deprec 5 38600 0 -38600 -15826
0 0 0 0
Deferred tax is Difference * (local) income tax
How will this be registered ? (automatically - after a reconciliation program ?)
Where will it be registered ? (leading u2013 non leading ledger)
Has the leading ledger to be the local GAAP or the reporting (IFRS / US) GAAP ?
Absolutely no one mention one word about deferred tax, not in the book (New GL in SAP ERP FI), not on the SAP help site and neither on this forum ?
I can not imagine all accountants have to book every def tax manually ?
I can not imagine SAP has never issued a note about def tax ?
Am I looking in the right place ?
Has no consultant ever had a similar question about def tax ?
Kind Regards,The example has lost his layout.
I will try again.
It explains more than 1000 words.
...................IFRS..........Local...........Diff..............Def Tax
Investm....193000.......200000.........-7000..............-2870
Deprec 1...38600.........80000........41400..............16974
Deprec 2...38600.........48000..........9400................3854
Deprec 3...38600.........40000..........1400..................574
Deprec 4...38600.........32000.........-6600...............-2706
Deprec 5...38600................0.......-38600..............-15826
........................0................0...............0......................0
(what a simple dot can do)
Edited by: Freddy Houben on Nov 7, 2008 12:41 PM -
DRQ payment on account with reference to an invoice
Hello,
In SBO2005A there was a problem with the open balance BP concerning the next situation
create an in- or outgoing payment by
1. select the customer/vendor
2. Select an invoice (example invoice 100 EUR)
3. go to moneybag and enter an amount of 99 EUR
4. Try to save the payment.
5. system will give you a message the amount to be paid is not equals the invoice SAVE payment
So far so good.
Now when you save the invoice also in SBO2007A you will save the invoice with reference to that payment and the mark: payment on account will be active. the only improvement from SBO2005A and SBO2007A is that at least the balance is correct ( this scenario is one of the fixes when upgrade to sbo2007A reconciliation errors).
In my opinion this is wrong behavior. One way or the other. A payment is with reference to an invoice and then it would be in this case a partial payment or the payment is on account and then there should be no reference to that invoice.
In my opinion the correct behavior must be after saving the payment: error message: please create a partial payment or select payment on account because selected amount and payment amount are not equal.
With regards,
Eddy RademakersHello Kerstin,
I know this functionality and It could be usefull when the over under payment is just a small amount.
But in principal even with this functionality in my opinion a payment could be only
a payment with reference to one or more invoices or a payment on account and not both as it is now in the current SBO.
The current behavior is wrong:
Based on the scenario as described above the payment should be: the mark: payment on account YES.
and no relation to the invoice(s).
with regards,
Eddy -
How to apply an invoice to a payment on account using Internal Rec?
As the link invoices to previous payments is now replaced by the new Internal Reconciliation Engine, you now need to perform a Business Partner internal reconciliation.
This seems like quite a cumbersome process.
The steps are:
1. Open the Business Partner
2. Select Internal Reconciliation
3. Select the payment (which you made previously on account)
4. Select the invoice which you would like to apply the payment towards
5. If the payment and the invoice don't exactly match, you now need to create a journal. So where does the other side of the entry go? One side is automatically filled in for you, being the Business Partner, the other side goes where?
If you put the other side as the Business Partner, the journal will post, but you get a mess when you look at the BP balance:
There will be:
RC - receipt on account $50
IN - invoice $80
JE - Journal for the difference ($30) (negative)
JE - Journal for the difference $30
None of these go away if you tick the 'Display Unreconciled Trans. Only' option.
How do others get around this?Hi John......
There are two aspects of doing internal reconciliation.
1. you want to reconcile part Invoice amount against Payment on Account
2. You want to reconcile part Invoice amount against payment on account and accounting for rest amount of invoice should be gone to rate difference account and which you dont want to pay to your vendor.
So the thing you are asking about the differnce amount should go to rate difference account.
When you do the reconciliation just select the difference amount for Journal entry where diff. amount say $30 will go to rate difference account.........
Hope this will help you......
Regards,
Rahul -
Commission Query not picking up payment on Account linked later
Hi Experts,
I created a query for a Client who need to pay Sales Commission to Sales Employees. This report must show only the Invoices that was Paid.
The Query works fine, exept that it will not pick up the following Payments: When they makie a Incoming Payment on Account and then later link it to an Invoice via the Internal Reconciliation screen.
SELECT T0.[DocNum] AS 'Incoming Payment', T0.[DocDate] AS ' Incoming Payment Date', T0.[CardCode], T0.[CardName], T3.[SlpName], T3.[Commission], T1.[DocNum] AS 'Invoice Number', T2.[OpenSum] AS 'Invoice Line Amounts', T2.[OpenSum] * T3.[Commission] / 100 AS 'Commission Amount'
FROM ORCT T0 INNER JOIN OINV T1 ON T0.DocEntry = T1.ReceiptNum INNER JOIN INV1 T2 ON T1.DocEntry = T2.DocEntry INNER JOIN OSLP T3 ON T1.SlpCode = T3.SlpCode
WHERE T0.[DocDate] >=[%0] AND T0.[DocDate] <=[%1]
How can I get these Invoices that was linked to a Payment to also show in this query?
Thanks,
MarliI know that this is an old post, but in case someone else wants to use this code I wanted to point out that this code assumes that only invoices are included in payments. If other types such as deposits or credits are included in the payment, then you will get the wrong results.
Need to change the link to OINV slightly to check the document type for Invoices
JOIN
OINV T1 ON T1.DocEntry = T4.DocEntry AND T4.InvType = 13 -- AR Invoice Hdr
Then need to do this same for the other possible document types. -
Deferred tax: Post invoice and payment separately $1" Message no. DEFTAX020
while reversing a document thru FB08, it is giving the error message,
" Deferred tax: Post invoice and payment separately $1" Message no. DEFTAX020.
This is a stand alone invoice document , without any clearing document. What is to be done ?
Below is the snapshot of FB03:-
Document Number 2256162 Company Code MLTD Fiscal Year 2009
Document Date 24.05.2010 Posting Date 25.05.2010 Period 11
Reference PYX/10-11/032 Cross-CC no.
Currency INR Texts exist
Itm PK BusA Acct no. Description Tx Amount in INR
001 31 U106 503551 PYXIS SYSTEMS PVT.LTD. DD 55,150.00-
002 40 COMM 5656 Membership & Subscri DD 50,000.00
003 40 1371 Service Tax Availed DD 5,000.00
004 40 1372 Ecess on ST Availed DD 100.00
005 40 1373 S&H Ecess on ST Avai DD 50.00
Document Type I2 VEMDOR INV-CORPORATE
Doc.Header Text PYXIS SYS.P.LTD.
Branch number Number of Pages 0
Reference PYX/10-11/032 Document Date 24.05.2010
Posting Date 25.05.2010
Currency INR Posting Period 11 / 2009
Ref. Transactn BKPF Accounting document
Reference key 0002256162MLTD2009 Log.System MALCLNT999
Entered by NITINRB Parked by
Entry Date 25.05.2010 Time of Entry 13:05:08
TCode FBR2
Changed on Last update
Ledger Grp Ledger
Ref.key(head) 1 Ref.key 2Hi,
Check whether OSS note 913805 (see below) offers a solution to your particular issue.
Kind regards, Robert
Note 913805 - Error FF891 or DEFTAX025 when posting FI-Documents Version: 5
Summary
Symptom
The posting of FI-documents cannot be executed due to one of the following error messages:
FF 890 "Vendor and customer items in document with deferred taxes"
FF 891 "G/L account item without tax code in document with deferred taxes"
FF 892 "Error writing to table DEFTAX_ITEM"
DEFTAX 025 (no specific text)
Also update terminations and other errors which are related to function group TAX4 may be the topic of this note.
Other terms
RFUMSV25; RFUMSV50; VAT; deferred tax; BTE; DEFTAX_ITEM; TAX4; SAPSQL_ARRAY_INSERT_DUPREC; FI_POST_DEFTAX_ITEM; FF891; FF890; FF892; FF804; 00 671; FF099; DEFTAX020; DEFTAX021; DEFTAX022; DEFTAX023; DEFTAX025; DEFTAX012; DEFTAX_MX027; DEFTAX_MX047; DEFTAX_MX039; DEFTAX; DEFTAX_MX;
Reason and Prerequisites
Accidentally some business transaction events (BTE) for the new solution for deferred tax were delivered in an active state in support packages of SAP releases 4.70 and ERP 2004. The solution is available in the SAP-Standard only from release ERP 2005. Also in ERP 2005 the new deferred tax can cause problems in countries for which the solution is not released.
These BTEs perform strict tests for documents containing tax codes for deferred tax.
Solution
If you are using the old deferred tax, i.e. you use report RFUMSV25 to create transfer postings, you can safely deactivate these BTEs.
Remove the following BTEs:
00001025 DI-TAX CREATE_DEFTAX_ITEM
00001030 DI-TAX SET_DEFTAX_ITEM
00001040 DI-TAX CREATE_DEFTAX_ITEM_REVERS
00001050 DI-TAX CREATE_DEFTAX_ITEM_MR1M
In ERP 2005 (ECC 600) the application key is 'FI-TAX' instead of the above mentioned 'DI-TAX'.
To do this start transaction FIBF
-> Settings
-> P/S Modules
...of an SAP Application
Mark the entries from the list above and delete them.
This deactivates the functionality of 'new deferred tax' for all company codes in all clients on the system. This means that no data is written to table deftax_item at posting time. Report RFUMSV50 can still be started, but it will not process new documents any more.
If in ERP 2005 problems arise in one country but the new deferred tax is used in another country you must not deactivate the BTEs completely. In this case it is possible to restrict the BTEs to be active only in certain countries using the column 'country' in transaction FIBF.
Header Data
Release Status: Released for Customer
Released on: 16.01.2008 20:12:15
Master Language: English
Priority: Correction with medium priority
Category: Program error
Primary Component: FI-GL-GL-F Value Added Tax (VAT)
Affected Releases
Software Component Release From Release ToRelease And subsequent
SAP_APPL 46C 46C 46C
SAP_APPL 470 470 470
SAP_APPL 500 500 500
SAP_APPL 600 600 600
SAP_APPL 602 602 602
SAP_APPL 603 603 603
SAP_APPL 604 604 604
Related Notes
771319 - RFUMSV50: Documentation
Edited by: Robert North on May 26, 2010 11:49 AM
Edited by: Robert North on May 26, 2010 11:50 AM -
Deferred tax: Post invoice and payment separately 600000025
Hi Friends,
While releasing billing document to accounting in VF02, i am facing with the following error.
Deferred tax: Post invoice and payment separately 600000025
Message no. DEFTAX020
600000025 is the billing document number.
please help me..
with regardsDear Azeez
Check this thread
[Incorrect posting with internal reconciliation |Incorrect posting with internal reconciliation;
thanks
G. Lakshmipathi -
'Deferred tax: Post invoice and payment separately $1
Hi
A customer invoice is posted with service tax.If we go to f-04 to make
an entry of payment received and Debit bank, debit TDS certificate
receivable for the TDS amount deducted and click on process open items
thereby selecting the customer and then the invoice the system throws
the error as 'Deferred tax: Post invoice and payment separately $1
Message no. DEFTAX020'
And if we try to post it by selecting posting key of credit customer
which will not do the clearing of invoice, the error does not come.
We are using deferred tax transfer New : RFUMSV25.All the other
processes relating to service tax are going fine.
Please suggest.Hi
A customer invoice is posted with service tax.If we go to f-04 to make
an entry of payment received and Debit bank, debit TDS certificate
receivable for the TDS amount deducted and click on process open items
thereby selecting the customer and then the invoice the system throws
the error as 'Deferred tax: Post invoice and payment separately $1
Message no. DEFTAX020'
And if we try to post it by selecting posting key of credit customer
which will not do the clearing of invoice, the error does not come.
We are using deferred tax transfer New : RFUMSV25.All the other
processes relating to service tax are going fine.
Please suggest. -
Deferred Tax:Post invoice and clearing of open payment seperately $
Hi Team,
User not able to clear the vendor Through F-44
Down payment was done at 2013 and Invoice is generated at 2014 . now user trying to clear thevendor through F-44 .When he is trying to clear the vendor system throwing error message stating that “Deferred Tax:Post invoice and clearing of
open payment seperately$” .What is the reason for this .Thanks
Regards,
RajHi
Check if OSS Note 913805 is relevant for your EhP and patch level
Regards
Sanil Bhandari -
Deferred Tax : Post Invoice and Payment Seperately $1
Hi Guys,
I am getting the following error while doing F-58.
Deferred Tax : Post Invoice and Payment Seperately $1
Please advise.
Thanks,
Srikanth.hi,
Do you have two tax codes setup up. One tax code to post with the invoice and another one which is used for transferring when the invoice payment is made. Please check that you are using the right tax code setup for the posting with the invoice.
Regards
Girish BP -
G/L account item without tax code in document $1 with deferred taxes
HI ,
while posting throgh Vendor invoice iam getting below mentioned issue,
G/L account item without tax code in document $1 with deferred taxes
message noLff891
Please reply as soon as posible,
Regards,
Prema.Hi
Please check the note 913805
Suggest you to reffer the below mentioned link
Deferred tax: Post invoice and payment separately $1" Message no. DEFTAX020
http://www.scribd.com/doc/20787563/Temporary-Differences-Result-in-Deferred-Taxes
Regards
Praveen PC
Edited by: Praveen Chirakkel on May 20, 2011 7:31 AM
Maybe you are looking for
-
How to build Birt report engine
Hey All, I am trying to build birt from source for adding some logging entries for troubleshooting. The jars I got are in viewer folder, not in the engine folder. Could any one tell me how to build report engine from source? Thanks Sean
-
Export of Oracle Database objects
Hi, I have question on exporting oracle objects. Can we export all of oracle objects in form of xml file? Like we have exp command to take the dump of database, is there a way to take db dump in form of xml. Why xml, because it can be easily read by
-
Source System Setup Error In Oracle product Information Management.
Hi , We have done all the set ups and also we are created Sorce System in repository Setup) Development Manager. Navigations: Application Name: Advanced Product Catalog Responsibility Name: Development manager Development manager>set up> content/docu
-
How can I save a book I created?
I created a book in iPhoto. I was wondering how to save it so that if there was a problem with iphoto or my computer I would still have the file. Thanks.
-
Hi, We are facing the problem to run the BDC. Actually problem is that we are using the UBUNTU instead of Window XP / Server and Open Office instead of Microsoft Office.. File extension of Open Excel is .ODS & Microsoft Excel extension is .XLS. Also