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F-90 TAX (Posting is only possible with a zero balance;correct document )

WHEN I AM POSITNG THE DOCUMENT THROUGH F-90 I AM GETTING THE FOLLOWING ERROR

ERROR:Posting is only possible with a zero balance; correct document

Message no. F5060

ACTUALY I HAVE SLECTED VENDOR 31 ASSET 70 WITH TAX CODE AFTER SIMULATING THE DOCUMENT

THE FOLLOWING ENTYR IS COMING BUT WITH GREEN ERROR AS I HAVE MENTIONED ABOVE

ENTRY VIEW AFTER SIMULATING IS AS FOLLOWS

PK BusA Acct INR Amount Tax amnt

001 31 0000700000 One time Vendor for 75,000.00-

002 70 0020001031 000040010498 0000 75,000.00 H1

Other line items 3,000.00

D 75,000.00 C 75,000.00 3,000.00 * 2 Line items

ACTUALLY I HAV SEELECTED CALCULATE TAXES ON NET AMOUNT IN FB00.AT THE TIME ENTRY IS POSTING AS FOLLOWS

31 VENDOR 75000

70 ASSET 72200

40 VAT 2800

BUT THE ABOVE ERNTRY IS WRONG

CORRECT ENTRY IS AS FOLLOWS

31 VENDOR 78000

70 ASSET 75000

40 VAT 3000

ACTUALY CALCUCULATION IS ON NET AMOUNTS.IS I DESELECT IN FB00 PROBLEM WIL SOLVE AND REFLECTING WITH GROSS AMOUNTS IN ASSET

BUT TAX IS NOT CALULATING IN CUSTOMER INVOICE

Regards

sumathi

Edited by: sumathi lakshmi on Jan 9, 2009 8:24 AM

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5 Answers

  • author's profile photo Former Member
    Former Member
    Posted on Jan 09, 2009 at 08:02 AM

    Tell me how u have created an asset

    Through Asset Te,late or though menu path

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  • author's profile photo Former Member
    Former Member
    Posted on Jan 09, 2009 at 09:12 AM

    Hi,

    While defining Tax code please tell system you want to calculate the tax on gross amount, net amount or base amount or after tax amount etc. then only system will calculate and post that portion to particular tax GL account which has been assigned in OB40.

    Thanks,

    Vasu..

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  • author's profile photo Former Member
    Former Member
    Posted on Feb 11, 2009 at 06:52 AM

    solved

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  • Posted on Feb 03, 2011 at 07:42 AM

    I HAVE BEEN TRYING THE SAME CAN ANYONE HELP AS I AM NEW TO THIS SYSTEM?

    F5060

    Posting is only possible with a zero balance; correct document?

    I HAVE BEEN TRYING BOTH VENDAR AND CUSTOMER WITH INPUT TAX AND OUTPUT TAX BOTH ARE SAME ERROR. IS THERE ANYTHING IN SETTINGS I NEED TO RECTIFY?

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  • author's profile photo Former Member
    Former Member
    Posted on Apr 18, 2011 at 12:31 PM

    While passing an entry for purchase of asset in F-90, the input tax on the net amount is being calculated but is not shown as a separate line item nor is it posted automatically. what is the step by step procedure for recording purchase of asset with input tax?

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