Interested to Buy Any Domain ? << Click Here >> for more details...
How do you configure tax procedure settings and tax codes?
What all steps are involved?
- 3 Answers
- 25797 Views
- I also Faced
- E-Mail Answers
Answer Posted / hannah
Hi,
The steps to configure for Tax Procedure.
OBBG - Assign Country to calculation procedure.
OBCO - Specify structure for Tax Jurisdiction code. For
country like U.S.A.
LG -> character length of first level of hierarchy within
your tax jurisdiction code structure.
LG -> Second level of hierarchy as above.
LG -> Third level of hierarchy as above.
LG -> Fourth level of hierarchy as above.
TX -> Tick if you want the system to determine taxes on a
line by line basis instead of determining them on a
cumulative basis
per tax jurisdiction code.
OBCP - Define Tax Jurisdiction code
Dil -> Tick if you do not want tax amounts included in the
based amount used for calculating cash discounts.
Txl -> Tick if you want the cash discount amount deducted
from the base amount that is used to calculate taxes.
FTXP - Define Taxes on Sales/Purchases Code.
OBCL - Allow Tax codes for non-taxable transactions.
| Is This Answer Correct ? | 5 Yes | 2 No |
Post New Answer View All Answers
Overview of G/L account :- Dear, what type of G/L account use in SAP.How to see all type of G/L account in sap those are used in a organization.
What is a po history? : fi- accounts payable
What is known as a repeat run in the depreciation process? : fi- asset accounting
Hi Experts, What is Auto Debit in SAP? please of any body know let me know the answers Regards, Inthiyaz
What is a document in sap? : fi- general ledger
cost accounting cost of ordering raw materials 1000 per order packing material 5000 per order cost of inventory raw material 1p. per minute packing material 5.p. per unit p.m production rate 200000 units per month
What do you mean by chart of accounts? What is it used for? What are its important elements?
Can you dun customers across clients in a single dunning run? : fi- accounts receivable
what is difference between primary distribution and secondry distribution of cost in a cost centre
Name the sub modules within fi, from which fi-gl gets simultaneous postings? : fi- general ledger
What is a cost center group?
What is fast entry? : fi- general ledger
Outline automatic transfer of old assets? : fi- asset accounting
What is the importance of gr/ir ( good received/ invoice received) clearing account?
name three distinct characteristics of fi-gl? : fi- general ledger
