Invoice booking with old rates

[former_member325328]

Dear Experts,

There is change in VAT rate for Switzerland country from 1 January 2018. We have to book invoice from 2017 in 2018 with old rates (Service delivered / received in 2017 and invoice received in 2018).

Can you please let us know how can we book such invoices in SAP Business ByDesign.

Thanks & Regards,

Sujeet Kumar

[JohnMeadows · Accepted solution]

Sujeet

business bydesign maintains a history of tax rates and effective dates, therefore the system will calculate the correct rate for the date on which the invoicing document is posted.

If you post into 2017 the system will use the rate active on the posting date.

otherwise if you post into 2018 it will use the current rate. This is the correct process for tax invoices.

John Meadows

[former_member325328 · Accepted solution]

Hi John,

Thanks a lot for your response. We completely got your point but unfortunately its not fulfilling our requirement.

Please note, we have to keep posting date for all invoices in 2018, as 2017 is closed.

So as per our requirement we need to have two tax rates for VAT (old rate and new rate) for 2018.

Could you please advice how can we achieve the same.

Many Thanks in Advance.

Thanks & Regards,

Sujeet Kumar

[JohnMeadows · Accepted solution]

Sujeet

I probably didn't make myself clear. when posting a supplier invoice there are a number of dates you need to complete. If you "view All" and navigate to items, and the sub-tab taxes you will see the possibility to set a tax date, if you set this to the actual invoice date, the correct rate will be calculated by the system.

john

[former_member325328 · Accepted solution]

Hi John,

It works. Thanks a lot for your help and support.

Thanks & Regards

Sujeet Kumar