Input / Output Tax:
At month-end, Input tax is offset with output tax and balance have to pay/receive the goverment.
Some countries allow setoff of output tax against inout tax which is called VAT in European countries and MODVAT in India ( hta is tax payable on sold items against tax paid against bought out items) based on materials and products.
Input Tax is receivable account and Output Tax is liability account. Output tax is periodically set off against input tax.
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admin General Ledger Module input tax, output tax, SAP Tutorial
Enter the field status group in the master record of a G/L account in SAP system. When entering a document in SAP system, the definitions which were stored will be effectived.
Field Status Group in SAP determines the screen layout for document entry in SAP system.
The fields can have the following statuses:
- Optional Entry – Data can be entered in the field
- Mandatory Entry – Data must be entered in the field
- Suppressed – The field will not appear on the SAP screen
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The information about the new General Ledger in mySAP ERP in SAP Note 756146
The new General Ledger in mySAP ERP 2004 has the following advantages over the classic General Ledger in SAP R/3 Enterprise:
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admin General Ledger Module Classic GL, mySAP, New GL, SAP Tutorials
The concept of variant principle
The variant principle is a three step method which is used in SAP to assign special properties to SAP objects. The three steps used in the variant principle are:
- Define the Variant
- Populate the Variant with values
- Assign the variant to SAP objects
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admin General Ledger Module field status group, fiscal years variant, posting period, SAP, variant principle
The three steps necessary to use Recurring Documents in SAP are:
- Create a Recurring Document
- Enter the data necessary for posting the SAP Accounting Document such as the Posting Keys, Account Numbers and amounts.
- Enter the control information that sets the posting frequency or run schedule.
- Run the Recurring Posting Program. The system will determine which Recurring Documents are to be processed during each run period and create a batch input session containing the following:
- Data required to post the SAP Accounting Documents.
- Data needed to update the scheduling information in the Recurring Documents including the next run date, the number of runs processed and, if necessary, a deletion indicator.
- Process the batch input session. The batch input session will post the SAP Accounting Documents and update the scheduling information in the Recurring Documents, such as the number of documents posted, the next date when a new SAP document will be created from a recurring entry, etc.
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admin General Ledger Module, SAP Tip Document Posting, recurring, SAP, SAP FI
