Interested to Buy Any Domain ? << Click Here >> for more details...
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
- 2 Answers
- 6161 Views
- I also Faced
- E-Mail Answers
Answer Posted / anil seth
WHEN YOU ENTER INVOICE BY ADOPTING TEAK CODE FB-70 THEN YOU
DONT ENTER THE INVOICE VALUE NET HERE BECAUSE WHEN YOU
ENTERED IT THE SYSTEM CALCULATE AUTOMATICALLY TAX
ASSIGNED.YOU JUST CLICK THE BUTTON CALCULATE TAX AND ENTERED
THE NET VALUE OF INVOICE YOU SEE THE CALCULATED AMOUNT OF
TAX AND YOU HAVE TO RETURN BACK OF THE MAIN SCREEN AND
ENTERED THE GROSS VALUE OF BILL.THEN CLICK CALCULATE TAX
.SAVE IT
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
What are the different types of data in sap system? : cost center accounting
What are the categories of variances in co-om-cca? : co- cost center accounting
While we are doing data migration, how you upload partially closed invoices.
I know that in version ECC6 exists the functionality of document splitting like this: If an Invoice is for 11,000/-.Then we write the GL as : vendor A/C Dr XXXX to Purchase 1 XXX to Purchase 2 XXX to Tax XX But through Document Splitting we can write it based on the %age of sharing as 80 : 20%.. Vendor A/c 8,800(DR) Purchase A/C 8,000(Cr) Tax 800 (Cr) Vendor A/C 2,200 (Dr) Purchase 2000(Cr) Tax 200(Cr) This is called Document Splitting But when you talk about tax, you mean a line item created manually like tax or a document where you complete the tax code and the line is created automatically? Thanks a lot in advance. REgards,Lorena
What are the common reasons for errors in accounting?
Interested in offering your software to sap customers so they can enhance functionality of their sap servers running linux?
How do you generate reports in treasury? What format are they generated in?
Name the sub modules within fi, from which fi-gl gets simultaneous postings? : fi- general ledger
May i know the difference between Direct capitalisation and AUC capitalisation in Fixed Assets
What is allocation price variance? : co- cost center accounting
While posting transaction, can we give cost centre / production order at time?
What is an intermediate bank? : fi- general ledger accounting
What are organisational units in sap ?
explain house bank flow without telling the configuration
What is the difference between company and company code?
