Skip to Content
author's profile photo
Former Member

G/L Account problem

Dear Friends

There are 2 tax rates VAT 4% & 12.5 %. For these 2 tax rates, 2 G/L accounts for eg. A & B are maintained respectively.

but, the 12.5% tax rate is getting updated in the G/L of 4 % ie A. (instead of G/L Account B)

The analysis done is:

Both the tax rates are maintained under single condition type & tax code & hence posted to same G/L.

The solution thought over is, configure a new condition type & account key. Insert this in the pricing procedure. connect the account key to the G/L Account B..

Is anything else need to be done?

what more needs to be done?

Any help/suggestion is appreciated.

Rgds

Sumanth.G

Add comment
10|10000 characters needed characters exceeded

  • Follow
  • Get RSS Feed

2 Answers

  • Best Answer
    Posted on May 03, 2011 at 05:36 AM

    Hello Sumanth.G

    You can achieve your requirment with

    - common Condition type

    - common accounting key

    - individual GL

    - individual Tax Code

    To do so

    Create 2 Tax code (Tcode FTXP) , say,

    - V1 for 4 %

    - V2 for 12.5 %

    In Tcode OBY40 for your account key

    in Rules activate Tax code.

    On activating that, it will show Tax code with GL account

    Maintain say

    ___ Tax Code ____ GL Account

    ___ V1 _________ 14000201

    ___ V2 _________ 14000202

    Therefore, on account determination for TAX values posting system is going follow the above rule.

    But, don't forget to maintain your condition record for TAX condition based on TAX code, say,

    4% - V1

    12.5 % - V2

    I hope this can assist you.

    Thanks & REgards

    JP

    Add comment
    10|10000 characters needed characters exceeded

    • Hi Sumanth,

      You can create the New Condition Type thro Transaction Code - V/06 and Select New Entries. I suggest you to copy the Same Condition Type which you already have and create the new one. You can also go thro the below menupath:

      SPRO - IMG - SALES AND DISTRIBUTION - BASIC FUNCTIONS - PRICING - PRICING CONTROL - DEFINE CONDITION TYPES.

      You can create the New Account Key thro following menupath:

      SPRO - IMG - SALES AND DISTRIBUTION - BASIC FUNCTIONS - Account Assignment/Costing - Define And Assign Account Keys.

      Here, you can define and assign the new Account Key with the New Condition Type.

      Pls let me know if you need any further details.

      Ravi.

  • Posted on May 03, 2011 at 05:57 AM

    As suggested by JP, create two tax codes in FTXP and assign the same in OB40 with the two G/Ls required by you.

    Finally in VK11, for the tax condition type, maintain a different combination and assign the two tax codes there.

    thanks

    G. Lakshmipathi

    Add comment
    10|10000 characters needed characters exceeded

    • I think, you are complicating the standard process. As I said above, it is not necessary to create new Account Keys since the standard Account Keys like JN7 (for VAT) and MWS (for CST) are very well available which you can see in OB40.

      All you have to do is create two tax codes in FTXP with the different tax percent and assign these tax codes in VK11.

      thanks

      G. Lakshmipathi