Credit note with positive tax component

[RobynCouch]

Hi All

Our AP department are trying to enter a credit note into SAP with the following components:

• Debit $5,000 with 10% tax
• Credit $17,000 with 0% tax

It doesn't appear to be possible to post this invoice.  When posting as a credit note the invoice amount is $11,500 but the tax amount needs to be -$500 to make the invoice balance which SAP does not allow.

Is there a way to post this document in SAP or should we ask vendor to split it into separate debit and credit documents?

Thanks

Robyn

[kamalkumar_biswas2 · Accepted solution]

Hi Robyn

   Requirement is not very much clear..explain with example.

   If you have 2 requirements..one for Cr note and other for Debit note..you have to raise 2 separate docs and obviously two separate postings.

   However if you explain, we may see the possibility

[RobynCouch · Accepted solution]

I don't have two notes.  I have a single note that is a credit overall but that single document contains a small debit which is tax relevant and a large credit which is not tax relevant.

From an audit point of view we have a 1 vendor document = 1 SAP document rule and it appears it is impossible to enter this vendor document into SAP.

[kamalkumar_biswas2 · Accepted solution]

Hi Robyn

   It may be one doc but conceptually there is some debit element and you are right that you can't post in single option in SAP to balance the whole doc (Credit Note)  and as you told earlier , ask your vendor to raise separate docs.

[RobynCouch · Accepted solution]

Thanks Kamal

That's what I suspected but I'm no expert in this area.  Wanted somebody to confirm before I passed the information back to the business users.

[kamalkumar_biswas2 · Accepted solution]

Robyn

    You are welcome

[former_member198650]

Hi Robyn,

Could you please provide what should be the accounting entry you expect in detail. Based on this will provide you solution.

Regards,

Mukthar