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Tax Category Indicator on Asset Reconciliation Accounts

Former Member
0 Kudos

Does setting the tax indicator flag to '*' have any affect on reconciliation postings to an Asset Reconciliation account?

Accepted Solutions (1)

Accepted Solutions (1)

Former Member
0 Kudos

Hi,

Generally tax indicator "-" (Only input tax allowed) is set in Asset Reconciliation accounts.

Setting * for the same will also suffice.

The tax indicator setting is required as the asset acqusition process is done through asset purchase in MM. for that purpose the input taxes will be calculated.

I hope this answers your query.

Regards,

Ashutosh

Answers (1)

Answers (1)

Former Member
0 Kudos

Hi,

No affect to set * as tax indicator for reconcilation accounts.

Thanks

Prasada