input / output tax

[Former Member]

hi,

in fb50 if prompted “G/L account XXXXXXX is relevant to tax; check code” i know that if the G/L account used is tagged in the Chart of Accounts as tax relevant and need to enter a tax code in the particular transaction.

when encounter the above message i was told to check if the transaction you are posting is subject to input or output tax.

what is in or output tax?

how is the double entry for this? can have a simple example?

thanks

[Former Member · Accepted solution]

Hi,

Input tax - Those tax codes which is used by the MM and while purchasing.

Output tax - Those tax codes which is used by the SD and while Sales.

Hope this will be clear.

Please assign points if it is useful

Thanks & Best Regards,

nms

[Former Member · Accepted solution]

hi,

can have example of the use of this tax. like how is the double entry like.

thanks

point given.

[Former Member]

hI,

FOR A G/L ACCOUNT TO ALLOW TAX CATEGORY WE CAN ONLY FOR INPUT TAX OR OUTPUT TAX OR BOTH BY SPECIFYING *. SEE IT ONCE.

ANY PROBLEM GIVE REPLY

IF IT HELPFUL ASSIGN POINTS

REGARDS,

SANKAR