on 09-10-2009 7:49 PM
Does setting the tax indicator flag to '*' have any affect on reconciliation postings to an Asset Reconciliation account?
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
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Hi,
No affect to set * as tax indicator for reconcilation accounts.
Thanks
Prasada
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