Tax code - Account key

Hi all,
Each tax code determines one account key. Each account key determine one GL account, right ? Could I define one tax code which can post to many GL accounts ?
Thank you very much & regards,
Sylvecast.

Dear all,
Thanks for your reply. But what I mean is: Could I assign <b>more than one GL Tax accounts to one tax code</b>.
By exemple: I have a tax code whose rate is 10%. But there are several cases i post the tax amount to a GL tax account, another case i post this amount to another one. So, i need create two tax codes which have the same tax rate and assign them to 2 tax account depend on my scenario OR <b>just create one tax code and assign it to 2 GL Tax account</b> ?
Thank you very much,
Best regards,
Sylvecast.

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Tax code accounting

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I need to configure the Tax code as per below requirement for my client. Say I have created 2 tax codes V1 & V2
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Input tax -- 8%-- 8 USD
Total -
108 USD
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rgds
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Can some body help me in this, Its an Urgent issue.
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We need to update an account key in tax procedure condition for sales tax.
what is the best way to do it it
Delete the existing z condition and create the new condition with new accounting key
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Amy

Normally this is controlled in the tax configuration - see transaction FTXP.

Regarding tax code in condition records in SD & MM

In MM we are maintaining net price in info record and tax code is given there, when it is settle with MRKO its calculating rightly,
Eg: Info record price for XX material is 100 and tax code maintained AA as 12.5%
In FI entries after FI settlement its showing right amount as 112.5 with tax
My issue is the same cost of that material is flowing from material info record to DP90 and in to sales order with the 100rs,here I have maintained two conditions as
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You might be aware of the fact that Tax code used for MM is different from SD.
As for MM, Tax code are for input tax.
Whereas, for SD., Tax code are for output tax.
And you define this in FTXP while creating a Tax code.
If in SD Pricing, you condition for Tax are:
Condition
Value
Amount
tax code
Account Key
PR00-Base Price
100.00
ERL
UTXJ
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12.50
A1
MW1
ZVAT
20%
40
A2
MW2
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Where,
Transaction = Account Key
There for respective transaction MW1 & MW2, you have to maintain respective relevant GL Accounts.
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MW1
GL Account
3210000
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Hi,
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Help Needed.
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Hi Sunil,
Could u pls elaborate ur problem.
In OBWW, when we check the check Box for account determination based on "Tax Codes", both the Tax Types are changing to Tax Codes.
I am not able to understand what u want to say.
If i understand ur problem u mean to say that u want to create new tax type & want to assign to the same tax code & account number.
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srinu.

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What is the t.code of accounting key creation in TAX

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anybody can tell me what is the t.code of accounting key creation in TAX
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kalai

Hi,
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SPRO-IMG-Sales & Distribution--basic functionsaccount assignment costing-revenue account determination---define and assign account keys.
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Edited by: Raja Gopal 345 on Aug 29, 2010 1:06 PM

Unless you use jurisdiction codes, and no external tax system, for
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Hi,
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Error in account determination ( Created a new tax code for CST 2%)

Dear friends,
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Dear SD teamsters,
iam facing a problem while doing vf01.the error is account detrmination for jn7 which is for condition type CST.
My customer master is also checked
I have maintained the account key and GL a/c for ers,erl,erf,jn6,jn7 etc in tcode vkoa.
I have also mainatined the GL a/c for jn7 in tcode ob40 also.
In ftxp also the rates are maintained.
I have also maintained the condtion record for UTXJ in vk11 tcode.
Now still i dont know if i have missed out some step in customizing or mainatining some record
I have a doubt in ob40. Lets say if i have 2 tax codes s7 & s8 , Do i need to maintain the G/L account for both tax codes?cBut in FTXP The G/L account is assigned automatically, inspite of that do i need to maintain ?
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Regards
G.S.Gupta

G/L account item without tax code in document with deferred taxes

Hi ,
While releasing the billing document to accounting i get this error " G/L account item without tax code in document with deferred taxes". Not able to release it to accounts. What could be the possible reason??
Actually, this error is occuring only when i am using a Discount Condition (Z Condition).
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Thanks and Best Regards

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Sai

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How do we add a tax item for a tax code in a G/L account item. Basically we get an error when we release the billing document to accounting like
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Diagnosis
No tax item exists for tax code O0 in a G/L account item...
Appreciate any feedback.
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2. Tax percentage maintained in FTXP if tax procedure in formula based & percentage assigned in FV12 if procedure is condition based against the identified condition type
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Ajay

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Hi,
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Hi Dipti,
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a. Excise conditions (if req'd)
b. LST / CST Conditions
c. Freight and Insurance Conditions
2. Access Sequence Settings
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Bye,
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Dear SAP Gurus,
In the configuration of the taxes (Service, Ecess & H & Ecess)
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regards,
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Hi,
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Hope this will solve your query.
If it does, please dont forget to reward points for contribution.
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Ravi

Tax code - Account key

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