Vendor Invoice posting - Tax calualtion

[Former Member]

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

[former_member319435 · Accepted solution]

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

[Former Member · Accepted solution]

Thanks Ramesh

Now I don't want to calculate Tax for invoices.

If I untick also ..It's same error showing.

Am I need to chnage the settings anywhere?

Please reply

srinath

[Former Member · Accepted solution]

This error occurs if the total of the debits & credits are not equal. please check again. if error persists , post screen shot , so that we can look into it.

[Former Member · Accepted solution]

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

[Former Member]

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

[former_member319435]

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

[Former Member]

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

[sridevi_p]

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

[Former Member]

Hi Srinath,

Could you please give more detail about your posting?

Julie

[Former Member]

For your information, please take a look the below thread:

http://scn.sap.com/thread/3349517

Julie

[Former Member]

Thanks Julie

Tax amount I wont pay right ...anyway Vendor will pay. at that time why should I show in my books as tax separetly?

PK 31 - Vendor: 1100

PK 40 - Expense: 1000

PK 40 - Tax: 100

Please answer me...

thanks

Srinath

[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

[ameet_desai]

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,