Using tax credit to post against vendor's invoice

We have credit to receive from some taxes and would llike to post them against some vendor's inoice. Howto do it?
Thank you.

You can use transfer posting with credit trough F-51.
Regards
Jose

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Credit Memo posted against Service PO

Hello Experts,
Our client wants Credit memo posted against Service Order PO's should credit the Service Entry sheet. This credit memo should reflect in PO history as well. Is there any such configuration? or how to meet this requiement...
Please suggest.

Hi Sridhar,
Its a business requirement.
Suppose we have posted SES of total value 1000 USD. The same will be reflected in the actual value in Limit section of PO.
So when, after IR, we post credit memo it should reflect in the actual value. Say after posting credit memo of 200 USD, the actual value becomes 800 USD.
Came to know from somewhere that the problem is in configuration but not able to find out the same.
Can you please help.

Vendor Credit Memo posting to Asset when invoice did not

Hi Experts,
We are on SAP 604 and have the following scenario.
PO to purchase an asset at $10,000. (not an inventory item).
Goods receipt has NOT been done.
1st invoice comes in but is only for half of the asset. (.5 qty at $5,000) does not post to asset since there is no GR done.
Postings:
Debit 201010 $5000
Credit 201015 $5000
2nd invoice is data entered wrong. It is for the remaing half but Acts Pyble enters quanty of 1 instead of .5.
Debit 201010 $5000
Credit 201015 $5000
When reversing the second invoice (or even just entering a credit memo), instead of the posting doing a simple reversal of hte invoice like this :
Debit 201010 $5000
Credit 201015 $5000
SAP posts to the asset even though there has yet to be any other postings done to the asset (no GRs and no invoices have posted to the asset). Credit Memo posts like this:
Credit 201010 $5000
Debit 201015 $6666.67
Credit Asset: $1666.67
Please confirm whether you see this posting as an issue for the asset. I have posted an OSS message to SAP and they are saying the system is working as designed unless I gather enough business requirements to do a development request. I'm trying to see if this posting is just an issue for my organization. Typically we would not expect a Credit Memo to capitalize the Asset. - Or if you know of a fix, please let me know.
Thanks!
Cindy

If you do not want negative posting/ balances in your asset, you can configure the depreciation areas to allow positive values only. That way if balance is negative (as in your example), posting is not allowed.

Plant abroad - when use tax indicator? Two reporting countries one invoice

Hi!
My customers has its head office (company code) in Sweden. It has plants abroad and we have activated this function. Now the sellers in Sweden have been on business trip in both Sweden and in Australia (where we have plant abroad). They have used their master card and now the invoice from the bank has arrived and my customer wonders what tax indicators should be used when posting the invoice (with travel costs both in Sweden and Australia). My questions are:
-Should we use only swedish tax indicators (rep. country Sweden) on all costs on the invoice, both from Sweden and from Australia? Or should I use different tax indicators, since the customer is VAT registered in both countries?
-Does plant abroad only regards shipping material to and from the plant in Australia? Or can other costs that appears when having travelling costs within the country also be reprted with Australian tax indicators (reporting country Australia)? If it it so, how can I post an invoice with tax indicators with different reporting countries in one transaction in fb60?
Thank you very much in advance!
Best Regards, Åsa

Hello,
Could you please tell me the solution for the same as I am having some similar situation.
Thanks.

Service Tax credit in TAXINN Process.

Dear All.
Is it mandatory to transfer of Credit from the Interim Service Tax Account to the Final Service Tax Credit Account after the Vendor's Invoice has been paid for.Is there any other alternative to this.We are on ECC 6.0
Do we need to define the seperate tax code for taking credit as described in Note 921634.Also the note 778976 describes the process for TAXINJ as MWST access sequence is used in TAXINJ.
Can any one clarify my doubts.
Yogesh Walde
MM Consultant
Edited by: Yogesh Walde walde on Mar 27, 2008 4:05 PM

Hi,
Because it is a new legal requirement, you need to find a way to log the requirement ASAP to SAP so that R&D team can put it on a priority list.
Thanks,
Gordon

Post credit memo or vendor red invoice

Hi everyone,
How can I configure the posting of a credit memo like a vendor red invoice, but with negative values?
At the moment the posting is simply reversed, but the ammounts are the same like when posting an invoice.
Current setting:
expense = vendor     (invoice)
VAT
vendor = expense     (credit memo)
             VAT
Wanted setting for credit memo     ( - )expense = ( - ) vendor
                                                   ( - )VAT
Thanks for your quick reply.
Daniel.

Hi Daniel,
You can achieve this by activating nagative postings allowed, please find the path below,
Financial accounting>>General Ledger accounting>>Business transactions>>Adjustment posting/reversal>>Permit Nagative postings.
Kindly note that, you also need to active the same for the document type for which you are posting this reversal.
In your business case document type would be RE, KG so and so on.
Regards,
Ramesh.

US: Tax-setup of Sales and Use Tax in a company located in Michigan, US

Dear all!
Below it's described how the A/P-taxes have to be handeld in our company in Michigan, US. We want to use a very simple TAXUS-setup (No Jurisdiction). Actually we have problem in setting up the tax-scheme of TAXUS with the following cases:
In the US, there are four situations for our Sales/Use Tax. All four are for A/P only. All four are related to the State of Michigan. The applicable tax rate is either 0% (exempt from tax) or 6% (taxable).
The first two involve invoices that are correct from the vendor and nothing special needs to be done. The
payment is made to the vendor and the full amount of the invoice is booked to the expense account (i.e. 123456 Telephone).
1. The vendor DOES NOT charge sales tax on items that are EXEMPT from sales tax.
2. The vendor DOES charge sales tax on items that are TAXABLE.
The second two situations involve invoices that are incorrect from the vendor and our company must account for the sales/use tax.
3. The vendor DOES NOT charge sales tax on items that are TAXABLE. Our company must accrue for the tax due to the State of Michigan and pay it at the end of the period.
4. The vendor DOES charge sales tax on items that are EXEMPT from sales tax. Our company must either deduct the sales tax on the invoice from the payment and reduce the amount paid to the vendor OR pay the invoice in full and book the overpayment of tax against the accruals from item #3.
Especially case #3 is actually the biggest challenge to be setup in the system in order to get the amounts correctly calculated. To our opinion the SAP has to create an additional tax-line item.
Thanks a lot for a helpful answer or solution!
Regards,
Bernd

Hi Bernd,
Did you get a solution for your query? If so, can you please share that? I have the same scenario for Geismar, Louisiana.
Please let me know how did you configure the Accrued tax. Really appreciate your response.
Thanks, Reji.

Cenvat Adjustment for subsequent credit/debit posted

Hi Everybody,
Is it necessary to do Cenvat Adsjustment in J1IH for subsequent credit/debit posted against PO.
If i want to do adjustment how to do and for subsequent credit what's the option to be choose in J1IH and same for the subsequent debit.
Regards
Govindaraj

Hello Rish,
Please, be aware that if you look at the document at MIR4/MIRO etc, they will apear as a INVOICE/CREDIT MEMO (in the "Drop down" box, in the top of transaction)even if they are sub. credit/deb, but that is the standard system behavior ! In order to check if it is a Subcequent debit/credit, you can check directly into rbkp table or even better, just check in the PO history! it will be in a separate category !
Give it a check if this is not the case!
Regards!

Cancel Vendor excise invoice

Dear All,
we need to cancel the vendor excise invoice which is captured and posted by J1IEX.
till now we have made GRN and captured and posted the excise invoice against the GRN but due to wrong entries in value field we need to cancel the posted invoice and recapture and post the excise invoice
so please guide me how do it for following conditions.
1) if i want to make complete cancellation and new posting against same GRN
2) if i want to post only some adjustment posting for correction
Regards,
Vimlesh

Hi
1. For adjustment you can use Excise JV - Tcode J1IH
Use this if there was error in amount of excise posted - Here Additional exicse means u enter more amount and other adj means you reduce amount
2. If you want to cancel the excise invoice and redo whole process then
   In MIGO cancel the GRN ....
Case 1 .. if part 2 posted
   goto J1IEX .. again post same vendor excise invoice to reverse the credit
   Now in J1IEX cancel the same vendor excise invoice and ...redo whole process
Case2 .. if part 2 not posted
go to J1IEX and cancel the vendor excise invoice ...... redo whole proces from GRN till part2

USE TAX Posting for Procedure TAXUSJ

HI,
Does anybody know which accounting KEY and Condition type should be used to perform use tax posting for procedure TAXUSJ?
Our requirement for use tax posting during MIGO and MIRO will be:
Use Tax-
At the time of Good Receipts-(MIGO)
Debit Expense in total including tax amount
Credit GR/IR for line item amount
Credit 71410 (AP Sales and Use tax account) amount of tax
Sample- MIGO Posting
GL- 510000 $10,000
GL- 71035 $(9,125)
GL- 71410 $(875)
*The Use tax accrual goes directly to the correct account and will be reported by tax accountant on quarterly tax return.
At the time of Invoice receipt (which should not have tax on it)-(MIRO)
Debit GR/IR for line item amount
Credit Vendor
Sample- MIRO Posting
GL- 71035 $9,125
GL- vendor $(9,125)
Does any account key for TAXUSJ perform this function for use tax posting?
Thanks.
Rickey.

Hi,
Please, refer to this link:
Re: Table for tax rate
Regards,
Eli

Profit center splitting - Intercompany FB60 - Sales/Use Tax Vendor invoices

We are implementing Use Tax calculations for Vendor invoices and are stuck on an issue with profit center splitting when entering intercompany AP transactions (FB60).     The tax postings of the non-leading company are being split between the two company profit centers.
When posting a vendor invoice with more than one company the tax items of the leading company are posting with the correct profit center but tax items if the non-leading company are splitting between the profit centers of the two companies.   The total amount of the tax is still correct, just part of it is posted to the wrong profit center.
We are assuming this is a document splitting issue but changes to document splitting configuration did not get the desired effect of not splitting the tax accounts.
Are there any suggestions of particular areas of document splitting that we should look into or other areas that might be causing this profit center splitting for the tax items? Any ideas would be appreciated.
Thanks,
Jeff

Hi Murlidhar,
Here's a sample transaction with the problem results we are seeing. Normal AP transactions are posting fine, it is only when Sales/use tax is added that we are finding a problem with the profit center splitting.
Entering a two line FB60 transaction under company 0001.
Line 1 - Company 0001, profit center 220020, $100
Line 2 - Company 0002, profit center 250020, $100
SAP sends this transaction to our external tax system which returns the tax amounts to accrue for each line item.
Line 1 $7.30 for company 0001
Line 2 $9.05 for company 0002
When the transaction is then viewed in General Ledger View we see the tax amount of $7.30 posting to profit center 220020 but the tax amount for line 2 of $9.05 is evenly divided between profit centers 220020 and 250020.
The $9.05 should be posting only to profit center 250020 as the profit center assigned to line 2 of the transaction.
Thanks,
Jeff

Error while posting to Tax Journal Entry for sales and use tax

Hi,
I am trying to post a journal entry (FB50) to cleanup and correct the liability on our sales and use tax. All lines are giving warnings and messages.Give me a suggestion on how to get it to post . Or if needed, another solution to correcting the balances in the sales and use taxes.
But the entry to a/c # 226530 is giving an information message but still wouldnu2019t save.
The Error message is
Enter the tax base amounts for account 226400 in company codeAFCO
Message no. F5A375
Diagnosis
You are posting directly to a tax account. Enter the tax base amounts per item using the function "Tax Amounts".
Kindly help me how to fix the above issue.
Thanks
Suvarna

You may want to check out the following notes... they may shed some light on your problem.
681930 - Posting on tax account possible w/o specific. of base amount
1090096 - FB60 / MIRO - Checking direct tax after change (F5A375)
944978 - FB60 / MIRO - check of direct tax after change

Use Tax Posting To Tax Payable and Expense Account

Hello Experts,
I am trying to post tax, code 03, to an expense account instead of the customer account at the time of billing. This is for use tax posting based on the costs of our materials and should be paid by company and not passed to the customer. Currently The percentages will base from the cost of material instead of sale price but this is posting to our tax payable account and to customer account as below:
Dr Customer Account 1.27
       Cr Revenue -1.20
       Cr Use Tax Payable -.07
The desired outcome would be as below:
Dr Customer Account 1.20
     Cr Revenue -1.20
     Cr Use Tax Payable -.07
Dr Use Tax Expense .07
Thanks in advance for help.

Hi
Welcome to SDN Forum
As you want to post to separate Tax payable and expense account ,so maintain a separate account key and assign it to the tax condition type in Pricing procedure .In VKOA assign the G/L accounts to that account key.So you have to take your FI Team members help to get the G/L accounts.and its assignment to the tax code.
Regards
Srinath

Credit-memo not able to be posted against a WBS Element

Hi there,
When the available amount on a WBS element is less than the credit memo amount, SAP gets a hard stop of budget exceeded.
It`s wrong since a credit is giving money back to the project and you should be able to enter it regardless of available funds.
Important notes: I'm trying to post this credit-memo against the WBS Element via MIRO transaction (credit memo option).
Is there any customizing in IM where I can define it?
Regards and thanks in advance.

Hi,
You are trying to post a credit memo again a purchase order since its via MM. Therefore how can you have a credit memo value exceeding the original invoice value?
If you are trying to post an advance (as you have mentioned that you are receiving money to the project), it should be recored as an advance rather than a credit memo. Consider the double entry you want to post to.
NW

Service Tax credit posting not happening at the time of Service Entry sheet

Hi
I am accepting (releasing) service entry sheet of some services. Entry was posted:
Service Expense A/c.. Dr
To SR / IR A/c...
As per new service tax law, we can take credit at the time of accrual of services i.e. at the time of accepting service entry sheet. But the service tax posting is not done at the time of expense booking (see above entry). Service tax posting is done at the time of MIRO (invoice verification).
Entry Requirement:
Service Expense A/c.. Dr
Ser Tax Basic A/c... Dr
Ser Tax EC A/c... Dr
Ser Tax SHEC A/c... Dr
        To SR / IR A/c...
Please help how to take credit at the time of posting service entry sheet itself.
Edited by: Meenu_ND on Aug 5, 2011 1:39 PM

HI All,
I hope what he (Meenu_ND) menctioned int he first thread was correct. Service Tax Credit you can avail at the time of Invoice Booking or the Payment and not at the time of Service Etnry Relise. Please check once.
Regards

Using tax credit to post against vendor's invoice

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