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Former Member

Vendor Invoice posting - Tax calualtion

Hi

When try to I post an entry in T.code f-43.Entry not able to post.showing error as '

Posting is only possible with a zero balance; correct document

before posting entry..am I need to configure Tax part? please advise with steps.

Thank in Advance

srinath

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7 Answers

  • Best Answer
    Posted on May 31, 2013 at 10:58 AM

    Hi Srinath,

    Please put the correct debit and credit amount against Vendor and Expenses line items. If you have already done so then please check the tax calculation part. If you have entered any tax code then please select the Calculate Tax option so that System calculates the tax automatically and the debit & credit do not have any mismatch.

    Regards

    Ramesh

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    • Former Member Former Member

      Hi Srinath,

      Can you tell us what you are posting?

      Example:

      PK 31 Vendor

      and what is next line item?

      If your posting only have 2 line item, you only need fill "*" in amount of second line item, the balance will be zero,

      If still not, please check again the posting key of second line item.

      But the best way is, please tell us the transaction you are posting now.

      Julie

  • author's profile photo Former Member
    Former Member
    Posted on May 31, 2013 at 07:35 AM

    Hi Srinath,

    Could you please give more detail about your posting?

    Julie

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    • Former Member Former Member

      Hi Srinath,

      It depends on your tax calculation method, it can be deduction or direct.

      - With deduction method, in order to the tax amount you have to pay or you is deducted in the end of month, you will offset between Tax payable and Tax receivable.

      + Tax Payable: is recorded from transactions related to customer invoice.

      + Tax Receivable: is recorded from transactions related to vendor invoice.

      Therefore, you have to separate tax amount in different line item.

      - With direct method, you don't need to separate tax line item when posting, the tax amount will calculate = Tax rate * (Revenue included tax - Expense included tax).

      So, please check again your requirement.

      Hope it helps.

      Julie

  • Posted on May 31, 2013 at 07:34 AM

    Hi,

    You have entered the Vendor amount, however the 2nd effect of Expense a/c is not entered.

    Please enter the expense amount equal to the vendor invoice amount after entering the Expense GL.

    Thank You.

    Regards,

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  • Posted on May 31, 2013 at 09:23 AM

    Hi,

    Before posting, try simulating the document. This error occurs if the total of the debits & credits are not equal. This may be due to the automatic posting lines created by the system (e.g. tax etc).

    Regards,

    Sridevi

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  • author's profile photo Former Member
    Former Member
    Posted on May 31, 2013 at 10:57 AM

    Hi Srinath,

    please check the invoice, in the invoice if you find any tax related amount then tax settings is required otherwise tax settings is not required, please check the entry first

    plz post message no. which you are getting

    regards,

    aish

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  • Posted on Jun 01, 2013 at 06:46 AM

    Hi Srinath,

    If you dont want to calculate any tax then can you check whether you have put any tax code against the vendor line item ? Can you try the same in tcode FB60 also ?
    Regards

    Ramesh

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  • author's profile photo Former Member
    Former Member
    Posted on Jun 01, 2013 at 07:54 AM

    Hi,

    Tcode F-43 is for Vendor Invoice creation.

    As per Accounts every transaction should follow Double Entry concept, it does mean equal amount to be debited and credited in a transaction.

    While doing Vendor Invoice through Tcode F-43. Vendor line item will be credited (posting key 31) to create vendor liability, hence another line item (may be Expenses GL Account ) to be debited with the same amount of invoice.

    Regards,

    Sekhar

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