What is Lock box in sap fico?
Answer / Jatin Kumar
In SAP FI-CO, a Lock Box is a banking function that provides a centralized cash position management and payment process. It enables companies to optimize their cash flow by managing bank accounts centrally.
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Hi Friends, I have configured the tax on sale and purchase, if I select “calculate taxes on net amount” in editing option then it calculate the tax correctly. But I want to calculate the tax out of gross amount of the invoice. For example I get a invoice for Rs. 20,000/- and now I want to calculate the tax out of Rs. 20,000/- (20000/1.04=19230 taxable amount and tax is 770/-). I would be appreciate if any body can help me in this regard and tell me the configuration of the same. Regards Anil Kumar
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